The consultation closes January 24, 2025.
Treasury released a consultation paper that discusses Australia's approach to implementing the Organisation for Economic Cooperation and Development (OECD)-developed rules for the cryptoasset reporting framework (CARF) and associated amendments to the common reporting standard (CRS).
The consultation paper explores the following issues, with specific questions included to guide stakeholder input:
The CARF is a new international tax transparency framework that allows tax authorities to:
The consultation closes January 24, 2025.
Read a December 2024 report prepared by the KPMG member firm in Australia