From www.smsfadviser.com: The Board of Taxation has voted to treat cryptocurrency as trading stock for self-managed superannuation funds SMSFs, resulting in a loss of the CGT discount if the recommendations are accepted.

Despite calls from the SMSF Association for a carve-out for digital assets, the Board concluded that no compelling reason exists for this.

A Treasury report stated that current tax laws can accommodate the taxation of digital assets, and the Australian Taxation Office will form a working group for further guidance.