29/10/2026
Wrapping a crypto asset doesn’t change your economic exposure. Under the ATO’s draft view, it can still trigger capital gains tax.
> Draft Taxation Determination TD 2026/D2 treats both wrapping and unwrapping a crypto asset as a CGT event. The wrapped token is treated as a separate asset from the original.
> A second draft, TR 2026/D1, sets out when airdropped tokens are income. The answer depends on whether you receive them in a business, for services, or passively as an investor.
Both are still drafts, but they show how the ATO is approaching crypto. For family groups with crypto spread across wallets, exchanges or entities, now is a good time to review this year’s transactions and records.
We explain what the drafts mean for you: https://au.andersen.com/ato-crypto-asset-guidance/