Government to end ‘double taxation’ of bitcoinThe government will change the tax treatment of transactions involving digital currencies such as Bitcoin, Treasurer Scott Morrison announced today.
Currently, the GST treatment of bitcoin involves a form of ‘double taxation’, which bitcoin advocates say acts as a fetter on the growth of local businesses based on the cryptocurrency.
http://www.computerworld.com.au/article/596377/government-tackle-double-taxation-bitcoin/good move. now the aussie banks should embrace bitcoin and everything is fine
