Anne McEwen (SA, Australian Labor Party) Share this | Link to this | Hansard source

At the request of Senator Dastyari, I move:

That the following matter be referred to the Economics References Committee for inquiry and report by the first sitting day of March 2015:

Digital currency, with particular reference to:

(a) how to develop an effective regulatory system for digital currency that:

(i) ascertains the most appropriate definition of digital currencies under Australian tax law,

(ii) promotes competition and growth of the digital currency industry,

(iii) ensures ongoing stability in the financial services industry,

(iv) secures protection of consumers and businesses against illegal activity,

(v) incorporates digital currencies into Australia's national security framework, and

(vi) ensures the financial stability of the industry;

(b) the potential impact of digital currency technology on the Australian economy, including the:

(i) payments sector,

(ii) retail sector, and

(iii) banking sector;

(c) how Australia can take advantage of digital currency technology to establish itself as a market leader in this field; and

(d) any other related matters.

Question agreed to.