Crypto-currencies, specifically bitcoin, acquired as an investment in an SMSF is taxed as a CGT asset within a superfund.
When transacting with Crypto-currencies it is essential to keep a trail of the transactions for CGT and audit purposes.
The SMSF must ensure to:
General CGT rules would apply when selling crypto-currency to third parties. That is, if the crypto-currency was held for less than 12 months, a 15% tax would be applied on the gain and if it was held for more than 12 months, the capital gain would be taxed at the discounted rate of 10%.
See our Virtual Currency page for more information on bitcoin ownership in an SMSF.