Document ID: chunk:federal_register_of_legislation:F2025L00109:body:0:p4
Version: federal_register_of_legislation:F2025L00109
Segment Type: other
Provision Reference: 
Character Range: 9464–12708

2 entities – 1 July 2027 to 30 June 2028;

                 3.              For Group 3 entities – 1 July 2028 to 30 June 2029.

         8.                 Third year of reporting – the first financial year commencing;

                 1.                  For Group 1 entities – 1 July 2027 to 30 June 2028;

                 2.                For Group 2 entities – 1 July 2028 to 30 June 2029;

                 3.              For Group 3 entities – 1 July 2029 to 30 June 2030.

         9.                  Fourth year of reporting – the first financial year commencing on or after:

                 1.                  For Group 1 entities – 1 July 2028;

                 2.                For Group 2 entities – 1 July 2029;

                 3.              For Group 3 entities – 1 July 2030.

        10.                  Sustainability Report – A sustainability report required under section 292A of the Act (see section 9 of the Act).

        11.                 Sustainability Standards – those standards made for the purposes of the Act pursuant to section 336A of the Act.

Requirements

 1.                Subject to paragraph 11, information in the sustainability report shall be subject to audit and / or review as follows:

         1.                 For the First Year of Reporting the auditor shall conduct a review over the disclosures (including related general disclosures in Appendix D to AASB S2) relating to:

                 1.                  Governance in accordance with paragraph 6 of AASB S2;

                 2.                Strategy (risks and opportunities) in accordance with subparagraphs 9(a), 10(a) and 10(b) of AASB S2;

                 3.              Scope 1 and Scope 2 greenhouse gas emissions in accordance with subparagraphs 29(a)(i)(1) to (2) and 29(a)(ii) to (v) of AASB S2; and

                 4.              Any statement that there are no material risks or opportunities relating to climate and how that applies to the entity under s296B(1)(c) and (d) of the Act or any similar statement otherwise made in the sustainability report.

         2.                 For the Second and Third Years of Reporting, the auditor shall conduct a review of all disclosures in the sustainability report (including related general disclosures in Appendix D to AASB S2).

         3.                 From the Fourth Year of Reporting onwards the auditor shall conduct an audit over all disclosures in the sustainability report.

         4.                 The auditor is not prevented by (a) and (b) from:

                 1.                  conducting an audit of any information in the sustainability report for a financial year in which a review of that information is otherwise required; and/or

                 2.                conducting an audit or review of any information in the sustainability report for a financial year in which an audit or review of that information is not required.

 2.                Where the sustainability report is required to, or does, include comparative information and, subject to the provisions of other ASSAs on comparative information:

         1.                 That information was not required to be, and was not, subject to assurance for