Tax only applies to any realised gains if you decide to sell
Bitcoin.
In Australia, Bitcoin is subject to capital gains tax (CGT). This
means you must pay tax on any profits you make from trading Bitcoin
for Australian dollars or exchanging it for other cryptocurrencies.
There are some exceptions, however, so it is best to consult your
tax specialist if you are unsure about your specific situation.
You can use our handy KPMG tax estimator to help you calculate your
tax obligations. Read more
about crypto tax in Australia.