PANews reported on November 23 that according to News.bitcoin, the Australian Treasury invited the public to provide feedback on the implementation of the Organization for Economic Cooperation and Development (OECD)'s crypto asset reporting model. In a consultation document released on November 21, the Treasury said that the implementation of CARF, developed by the Organization for Economic Cooperation and Development (OECD), will "complement the government's efforts to strengthen tax transparency." The document will explore the policy advantages of incorporating the OECD model into domestic tax laws and consider an implementation schedule that can minimize compliance costs. The rapid growth of the cryptocurrency market is said to have brought challenges to governments in terms of tax evasion and avoidance. To address this problem, the OECD developed CARF, which aims to improve international tax transparency by ensuring that crypto-related information is reported in a standardized manner. The framework is expected to enhance the ability of OECD countries to monitor and tax crypto-related activities, thereby reducing opportunities for tax evasion and avoidance. CARF will require crypto intermediaries, such as exchanges and wallet providers, to report specific crypto transactions to tax authorities. This includes information on the sale and purchase of crypto assets. As explained in the consultation document, Australia expects CARF reporting to begin sometime in 2026.