Under Australian tax law, which cost basis is it appropriate to use? I feel I meet trader criteria, but felt I was more like an investor. Using LIFO my CGT is lower than FIFO. Is it possible to change between tax years?
Hey @Mandeep_Sembi 
Thats a great question!
As an investor in Australia you can use either FIFO, HIFO or LIFO to calculate capital gains, as long as you can individually identify your cryptocurrency assets.
You are free to choose which one you want to use, but you can only choose one method per tax year!
You can find more info regarding this on Crypto Guide for Australia.
Best wishes,
Ali 
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