We also strive to remove distortions in the tax system, and the bill, therefore, proposes that cryptoassets be excluded from GST imposed by the GST Act and from the financial arrangement rules within the Income Tax Act. Cryptoassets may, of course, still be subject to income tax on disposal. The bill also proposes allowing GST-registered businesses who raise their funds through issuing cryptoassets with similar features to debt or securities to claim input credits for their capital raising costs.