There may be things that have changed
A change has been made to the way crypto-currency is reported in the Assets section of the 2019 SMSF annual return. Crypto-currencies, which were previously reported at the 'Other overseas assets' label, will now be reported at a dedicated Crypto-currency label.
The term crypto-currency is generally used to describe a digital asset in which encryption techniques are used to regulate the generation of additional units and verify transactions on a blockchain. Crypto-currency generally operates independently of a central bank, central authority or government.
'Crypto-Currency' in the SMSF Annual return refers to Bitcoin, or other crypto or digital assets that have the same characteristics as Bitcoin. The characteristics of Bitcoin are set out in Taxation Administration ATO TD 2014/25.
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