Analysis
12 Apr 2024
5 minute read
Mandatory climate-related financial disclosures introduced into Parliament
Larger entities will report first, but not before December 2025
The introduction of legislation into Parliament represents the next step toward mandatory climate-related financial disclosures in Australia.
In March 2024, the Federal Government introduced a Bill into Parliament that seeks to legislate the requirements for mandatory climate-related financial disclosures.
The Bill is broadly aligned to the January 2024 exposure draft legislation released in Treasury’s third and final consultation on mandatory climate reporting
There are however some notable changes from the exposure draft legislation, including a deferred start date, scope clarifications and broadened modified liability.
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