On 20 October the Law Institute of Victoria (LIV) made a submission to Board of Taxation as part of its consultation on the appropriate tax treatment of digital assets in Australia. This Submission is attached and the text which follows is extracts from the submission. Digital Concepts and Terms The LIV notes that those in the…
In August 2022 the Board of Taxation issued a Paper providing the basis on which it would consult with the public on what the proper treatment ought be, for digital assets, such as crypto currency. This was to further the reference the Government made, to the Board, in March 2022. The Consultation Paper is attached…
On 21 March 2022, the former Government released the Terms of Reference for a review to be undertaken by the Board of Taxation (the Board) into the appropriate policy framework for the taxation of digital assets and transactions (i.e. crypto assets) in Australia. The reference is in line with the Government’s commitment to improve transparency in our…