Climate-related financial reporting
New climate‑related financial reporting rules started in Australia on 1 January 2025.
The rules are being introduced in stages:
- Group 1: Reports for financial years starting on or after 1 January 2025
- Group 2: Reports for financial years starting on or after 1 July 2026
- Group 3: Reports for financial years starting on or after 1 July 2027
Australian Securities and Investments Commission
Australian Securities and Investments Commission (ASIC) administers the climate‑related financial reporting rules.
ASIC has released Regulatory Guide 280, which explains:
- who needs to report
- what information to include
- how and when to lodge reports
- available support and temporary relief arrangement
ASIC also provides a dedicated FAQ page for small businesses.
Visit ASIC’s website for:
Australian Accounting Standards Board
The Australian Accounting Standards Board has established an AASB S2 Knowledge Hub.
The hub explains how to apply the AASB S2 Climate‑related Disclosures standard and includes FAQs for additional support.
Assurance standards
The Auditing and Assurance Standards Board (AUASB) has approved new international audit standards.
These standards will start with limited assurance and move to reasonable assurance over time.
Visit the AUASB website for:
Information for farmers
To help farmers understand the new reporting rules the Department of Agriculture, Fisheries and Forestry has prepared a farmer factsheet.