This is good to see, and interesting to note that Australia is starting to treat cryptocurrency more like money and less like a service. Recently Australia has been pushing back at the big four banks, reviewing bank taxation and more. So maybe their lobby group isn't donating enough to the ruling party at the moment. I don't believe the big four banks in Australia would like to see the influence of cryptocurrency grow.
Though I did understand the Australian Treasurer's press release a bit differently from the article, and maybe the DCEBrief article might need reviewing. The press release states, "Australians are no longer charged GST
on purchases of digital currency"
But the DCEBrief article states, "it passed new laws designed to ensure that digital currency users will no longer be subject to Australia’s goods and services tax (GST)
when they spend their cryptocurrency.
Good catch, Tim. Apparently, my editing process ended up moving one two many sentence fragments around in the piece (more evidence to prove that writers tend to fail miserable when editing their own material... sigh).
Apologies if that caused any confusion. Please continue to let us know if you spot inaccuracies or obvious errors like that.