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Australia: Commitment to implement CARF and CRS 2.0

Legislation is expected to be introduced during 2026, with an effective date of January 1, 2027.

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February 19, 2026

The Australian Taxation Office (ATO) on February 9, 2026, issued an email circular announcing Australia’s commitment to implement the OECD cryptoasset reporting framework (CARF) and the consequential amendments to the common reporting standard (CRS 2.0) into its domestic framework.

Legislation implementing the amended CRS and CARF is expected to be introduced during 2026, with a commencement date of January 1, 2027.

Read a February 2026 report prepared by the KPMG member firm in Australia

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