From piperalderman.com.au: The Supreme Court of Victoria has ruled that Bitcoin qualifies as property under common law, marking a first for Australian higher courts.

Justice Attiwill determined that Bitcoin meets the four criteria for property as per the Ainsworth test, allowing it to be identified, controlled, and held with a degree of permanence.

This decision may influence the legal status of other cryptocurrencies and clarifies the rights of Bitcoin holders in Australia.