Climate-related financial disclosures bill introduced to Parliament

The next step to usher in mandatory climate-related financial disclosures for certain entities reporting under the Corporations Act.

The climate-related financial disclosures bill was introduced into Parliament on 27 March 2024: Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024 – see Schedule 4. Given the Parliamentary timetable, debate will be in May 2024 at the earliest. The Bill is largely consistent with Treasury’s exposure draft legislation released in January 2024. The main change is that the commencement date for reporting is now proposed to be financial years beginning on or a...

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Authors: Adrian King

Published Date: 05 April 2024