Australia releases draft bill for OECD crypto tax reporting framework

Australia has released draft legislation to implement the Crypto-Asset Reporting Framework created by the Organisation for Economic Co-operation and Development. Cointelegraph reported that the draft bill, titled Treasury Laws Amendment Bill 2026: Tax information reporting, was published on 15 October 2026. The proposed law will enable the automatic exchange of crypto tax information between international tax authorities and establish a domestic reporting regime within the country. [1][5]

According to Cointelegraph, Australia is one of 77 jurisdictions that have committed to adopting the OECD tax framework. The legislation will allow Australian tax authorities to share crypto transaction data with foreign counterparties under standardized OECD guidelines. [1][5]

The Organisation for Economic Co-operation and Development originally developed as an international organization without direct enforcement power to coordinate international policies. Australia's new draft legislation incorporates these international standards directly into domestic Australian law. [1][3][5]

Cointelegraph reported that the draft legislation remains open to public comment until 28 October 2026. If passed into law, Australia expects to conduct its first international exchanges of crypto tax data in 2028. [1]