The Australian Tax Office (ATO) has initiated a public debate, aimed at "understanding the practical aspects associated with tax obligations in relation to the cryptocurrency." This is reported by CoinDesk.
As stated in the message of ATO, a special page is opened on the website of the department where everyone can leave their comments and suggestions.
In particular, we are interested in any practical issues that may impact on taxpayers' abilities to calculate and substantial any capital gains and losses for (cryptocurrency) capital gains tax (CGT) purposes.
Australian Tax Office
The updated recommendations also note that income received as a result of the exchange of one crypto currency for another is subject to taxation. Taxpayers should provide information about such transactions, including their purpose and value in Australian dollars, time and details of the parties involved.