On 5 May 2016, the Australian Treasury published the government response to the Senate Economics References Committee report concerning the goods and services tax (GST) treatment of digital currency. In general, the government agrees with the recommendations included in the report, including that digital currency should be treated as money for the purposes of the goods and services tax. Currently, digital currencies are treated as intangible property subject to GST when acquired, which may result in double taxation when the digital currency is then used to make a purchase also subject to GST. Treating digital currency as money would address...