The Australian Treasury is the federal department that owns Australia's digital-asset legislative pipeline, and on tokenisation it is the author of the Token Mapping paper and the Digital Asset Platform legislative proposal that became the Digital Assets Framework Bill, which reached statute on 1 April 2026. For a tokenisation operator, Treasury is the policy-design counterparty rather than a supervisor: it drafts the legislative reform, while ASIC, RBA, APRA, and AUSTRAC each supervise a piece of the resulting perimeter.
What it is
Treasury's Token Mapping paper set out Australia's initial functional taxonomy of digital assets and identified where existing financial-services law already covered a given token type versus where genuinely novel categories (such as digital-asset platforms) needed new legislation. That mapping exercise fed directly into the Digital Assets Framework Bill, which creates the digital asset platform and tokenised custody platform licence categories under the Corporations Act.
Relevance to tokenisation
Treasury holds the legislative pipeline referenced across Australia's four-way regulatory split; see Australia's digital-asset regulatory architecture for how its policy-design role interacts with the supervisory agencies.
Related
- Australia for the jurisdiction-level regulatory posture and the Digital Assets Framework Bill's passage.
- Australia's digital-asset regulatory architecture for the four-way regulatory split Treasury's legislation feeds.
- ASIC for the licensing supervisor of the resulting digital asset platform regime.