Holly Sara

Sep 25, 2024 | mondaq.com | Giles Elliott |Howard Sidman |Holly Sara |Prudence Smith

Australia has now officially passed laws that will introduce a mandatory climate-related financial disclosure regime from 1 January 2025. This is one of the most significant reforms to corporate financial reporting in Australian history. On 17 September 2024, the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Act 2024 ("Act") received Royal Assent.

Sep 20, 2024 | jdsupra.com | Holly Sara |Prudence Smith

Australia's mandatory climate-related financial disclosure regime is inching closer to implementation after the proposed legislative reforms were passed by both Houses of Parliament in September 2024. As discussed in our previous Commentary, the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024 ("the Bill") was introduced into the Australian Federal Parliament in March 2024.

Sep 19, 2024 | lexology.com | Giles Elliott |Jürgen Beninca |Matthew Bull |Kevin Hart |Holly Sara |Prudence Smith

In ShortThe Development: Recently, the Australian Competition and Consumer Commission ("ACCC") published draft guidelines designed to assist businesses to understand how they can collaborate on sustainability initiatives without breaching competition laws ("Draft Guide"). The Context: Acting Chair of the ACCC, Mick Keogh, recently noted, "As Australia transforms to a more sustainable economy, there will be instances where businesses seek to work together to achieve better environmental outcomes".

Sep 17, 2024 | jdsupra.com | Holly Sara |Prudence Smith

ESG-related enforcement remains a top priority and focus for Australia's corporate regulators. Since our last update, there has been a steady stream of enforcement activity aimed at climate-related representations and greenwashing conduct, including several cases advancing through the courts. In June 2024, the Federal Court of Australia ruled in favor of the Australian Securities and Investments Commission ("ASIC") in a greenwashing action against a superannuation fund.

Sep 17, 2024 | mondaq.com | Prudence Smith |Holly Sara

Australia's mandatory climate-related financial disclosure regime is inching closer to implementation after the proposed legislative reforms were passed by both Houses of Parliament in September 2024. As discussed in our previous Commentary, the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024 ("the Bill") was introduced into the Australian Federal Parliament in March 2024.