Document ID: chunk:federal_register_of_legislation:F2025L00109:body:0:p5
Version: federal_register_of_legislation:F2025L00109
Segment Type: other
Provision Reference: 
Character Range: 12408–16045

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 the purposes of a publicly available report for the previous financial year, that comparative information is not required to be subject to assurance in the current year; and

         2.                 That information was required to be, or was, subject to limited assurance for the purposes of a publicly available report for the previous financial year, that comparative information is not required to be subject to reasonable assurance in the current year.

* * *

Appendix - Diagrammatic representation of assurance phasing

(Ref: Para. 10)
Years commencing                                     Year 1*            Year 2      Year 3      Year 4**     Year 5       Year 6
Group 1                                             1/1/25 to 30/6/26   1/7/26 to   1/7/27 to   1/7/28 to    1/7/29 to    1/7/30 to
                                                                        30/6/27     30/6/28     30/6/29      30/6/30      30/6/31
Group 2                                             1/7/26 to           1/7/27 to   1/7/28 to   1/7/29 to    1/7/30 to    1/7/31 to
                                                    30/6/27             30/6/28     30/6/29     30/6/30      30/6/31      30/6/32
Group 3                                             1/7/27 to           1/7/28 to   1/7/29 to   1/7/30 to    1/7/31 to    1/7/32 to
                                                    30/6/28             30/6/29     30/6/30     30/6/31      30/6/32      30/6/33
Governance                                          Limited             Limited     Limited     Reasonable   Reasonable   Reasonable
Strategy – Risks and Opportunities ***              Limited****         Limited     Limited     Reasonable   Reasonable   Reasonable
Climate Resilience Assessments/ Scenario Analysis   None                Limited     Limited     Reasonable   Reasonable   Reasonable
Transition Plans                                    None                Limited     Limited     Reasonable   Reasonable   Reasonable
Risk Management                                     None                Limited     Limited     Reasonable   Reasonable   Reasonable
Scope 1 and 2 Emissions                             Limited             Limited     Limited     Reasonable   Reasonable   Reasonable
Scope 3 Emissions                                   N/A                 Limited     Limited     Reasonable   Reasonable   Reasonable
Climate-related Metrics and Targets                 None                Limited     Limited     Reasonable   Reasonable   Reasonable

   *  Group 1 entities with years commencing 1 January to 30 June will be subject to the Year 1 provisions twice (e.g. years commencing 1/1/25 and 1/1/26). Reporting of Scope 3 emissions is required for years commencing 1/1/26 to 30/6/26 for these Group 1 entities.
   **  Years commencing from 1/7/30 to 30/6/31 for Group 3 entities. From that time reasonable assurance is required by the Act for all mandatory climate disclosures.
   ***  The phasing for assurance on statements that there are no material climate-related risks and opportunities would be the same as for 'Strategy – Risks and Opportunities'.
   ****  Only subparagraphs 9(a), 10(a) and 10(b) of AASB S2 Climate-related Disclosures.

[1]  Subsection 296A(1) of the Act.
[2]  Section 301A of the Act.
[3]  Subsection 1707E(2) of the Act.