Australia sets July 2027 start for crypto transaction reporting to tax office

Australia wants to know what its residents are doing with their crypto. Platforms serving Australians will soon have to report those transactions directly to the tax office, with obligations reportedly kicking in from July 2027. The move pairs a new domestic reporting regime with the OECD’s Crypto-Asset Reporting Framework, known as CARF. The government expects the pair to bring in an estimated AUD 170 million in extra tax across the 2027-28 and 2028-29 financial years. What the new reporting rules require The government first laid out the plan on December 17, 2025. It appeared in the 2025-26 Mid-Year Economic and Fiscal Outlook, the budget update Canberra publishes each year, usually shortened to MYEFO. The package has two parts that do different jobs. Think of CARF as an international pen-pal system for tax authorities. Each country collects data on crypto held by foreign tax residents and swaps it with their home governments. The domestic regime looks inward instead. Its goal is to give the ATO a clearer view of transactions by Australian residents, filling the space CARF leaves behind by design. Platforms will be required to collect and report transaction data covering Australi...