The Australian Treasury has asked for public opinion on how to use the crypto asset reporting model from the Organization for Economic Cooperation and Development (OECD). This model is called the Crypto Asset Reporting Framework (CARF). The goal is to make it harder for people to hide income from cryptocurrencies on their tax forms.
The Treasury released a paper with their ideas on November 21st. This will help make sure that people pay the right amount of taxes on their crypto assets.
