Katy Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

The digital currency space is constantly evolving. We are confident that the legislation is broad enough to capture the digital currency it needs to. However, having a regulation-making power allows us to quickly deal with unforeseen circumstances—for example, if a country adopts digital currency that may not be captured by the proposed definition. The policy for the legislation is clear: digital currencies are not foreign currency for tax purposes.