On 22 August 2024, the Senate passed the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024 (the Bill), which requires certain organisations to make mandatory climate-related financial...more
Mining companies are one step closer to being subject to the changes of the first comprehensive review of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code or the...more
Australian Update - Australian Competition and Consumer Commission Enforcement Priorities for 2024-2025 - The Australian Competition and Consumer Commission (ACCC) has announced its enforcement and compliance priorities for...more
4/26/2024
/ ASIC ,
Australia ,
Australian Competition and Consumer Commission (ACCC) ,
Climate Change ,
Competition ,
Compliance ,
Corporate Governance ,
Disclosure Requirements ,
Enforcement ,
Enforcement Actions ,
Environmental Social & Governance (ESG) ,
Financial Institutions ,
Green Bonds ,
Greenwashing ,
Reporting Requirements ,
Small Business ,
Supply Chain ,
Sustainability ,
Sustainable Finance
Overview - The Australian Securities Exchange (ASX) Corporate Governance Council (Council) has recently released its consultation materials for the proposed 5th Edition of the Corporate Governance Council Principles and...more
4/18/2024
/ Annual Reports ,
Australia ,
Australian Securities Exchange (ASX) ,
CEOs ,
CFOs ,
Code of Conduct ,
Compliance ,
Corporate Governance ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Proposed Amendments
Australian Update - Australian Securities and Investments Commission Continues Greenwashing Enforcement Efforts - On 28 February 2024, the Australian Securities and Investments Commission (ASIC) reported that an outsourced...more
4/2/2024
/ ASIC ,
Australia ,
Climate Change ,
Corporate Governance ,
Corporate Social Responsibility ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Financial Institutions ,
Greenwashing ,
Investment ,
Minerals ,
Misleading Statements ,
Natural Resources ,
Popular ,
Securities and Exchange Commission (SEC) ,
Supply Chain ,
Sustainability
Overview - Background - The Australian Government recently released an exposure draft of the legislation to implement mandatory climate-related financial disclosures (Draft Legislation). This follows the release of draft...more
2/20/2024
/ Australia ,
Climate Change ,
Corporate Governance ,
Corporate Social Responsibility ,
Due Diligence ,
Duty of Care ,
Environmental Social & Governance (ESG) ,
Financial Services Industry ,
Regulatory Oversight ,
Reporting Requirements ,
Risk Management ,
Sustainability
Australian Update - Draft Reporting Standards for Australian Climate-Related Disclosures - As previously reported by K&L Gates, the Australian Accounting Standards Board released its exposure draft of the Australian...more
11/27/2023
/ Australia ,
Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Energy Sector ,
Environmental Social & Governance (ESG) ,
EU ,
Green Bonds ,
Hydrogen Power ,
Investment ,
Regulatory Standards ,
Renewable Energy ,
Reporting Requirements ,
Sustainability ,
Sustainable Finance
Australia Update - ACCC Releases its Guidance on Making Environmental and Sustainability Claims - As previously reported by K&L Gates, the Australian Competition and Consumer Commission (the ACCC) released its long-awaited...more
Whilst there has been a marked improvement in the aspirations of Australia's leading companies with respect to environmental, social and governance (ESG) reporting over the last few years, we expect the requirements for more...more
From November 2021, directors of Australian companies will need to apply for and verify their identity as part of a new statutory requirement for them to have a Director Identification Number (DIN). Applications for DINs will...more
In August last year, the Australian Securities Exchange (ASX) Corporate Governance Council (Council) undertook a review of the Corporate Governance Principles and Recommendations (Recommendations) in response to the corporate...more
On 21 June 2013, the Australian Securities and Investments Commission (ASIC) released four new Regulatory Guides, which update and consolidate the bulk of its guidance about takeovers. The new Regulatory Guides cover...more