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Showing 11 - 20 of 64 results for "Corporations Act"

ASIC calls for feedback on disclosure regime

MICHELLE BALTAZAR  |  MONDAY, 11 NOV 2024  |  NEWS
... super funds. She advised the delegates to check how the new climate reporting obligations intersect with other Corporations Act requirements. "For example, how do you think about your climate-related disclosures when you're preparing your prospectus ...

Boards vulnerable to next wave of climate litigation: IGCC

MICHELLE BALTAZAR  |  THURSDAY, 7 NOV 2024  |  NEWS
... around the SIS Act relating to the duty of the investment manager to provide information and the long arm of the Corporations Act on breaches relating to sustainability and financial reporting. Company directors and super fund trustees could be personally ...

Australia leads in greenwashing lawsuits

ROSE MARY PETRASS  |  MONDAY, 28 OCT 2024  |  NEWS
... company in Australia. The ACCR commenced action against Santos in 2021 alleging the energy giant breached the Corporations Act 2001 and Australian Consumer Law by engaging in misleading or deceptive conduct in its 'clean energy' claims and net zero plan. ...

ASIC clarifies licensing rules for carbon market

ROSE MARY PETRASS  |  WEDNESDAY, 9 OCT 2024  |  NEWS
... (ACCUs) and other eligible international emissions units (EIEUs), are considered financial products under the Corporations Act, meaning those that deal with them need a license, including advisers and carbon traders. According to research provider Rainmaker ...

Subsidiaries must comply with Aussie regime

ROSE MARY PETRASS  |  MONDAY, 13 MAY 2024  |  NEWS
... NGER Scheme legislation to measure greenhouse gas emissions (GHG) emissions." Reporting obligations under the Corporations Act apply to individual entities, meaning that inbound Australian subsidiaries of an international group cannot meet obligations ...

ASIC consults on guidance for carbon markets

ROSE MARY PETRASS  |  WEDNESDAY, 8 MAY 2024  |  NEWS
... mechanism reforms. The proposed updates, which address reforms to the financial services and markets section of the Corporations Act 2001, are open for feedback until 3 July 2024. It also responds to changes in the regulatory landscape for carbon markets ...

Business calls for 12-month climate reporting delay

ROSE MARY PETRASS  |  THURSDAY, 29 FEB 2024  |  NEWS
... apply and require confidence around mandatory obligations and the legal exposures that come with it under the Corporations Act, he added. "Investors need to be able to make informed decisions, risks and opportunities pertaining to climate are increasingly ...

Treasury publishes climate disclosure legislation

RACHEL ALEMBAKIS  |  MONDAY, 15 JAN 2024  |  NEWS
... accounting standard. The legislation would amend the Australian Securities and Investment Commission Act and the Corporations Act. Under the proposed legislation, entities who meet two of the three criteria - revenue of $500 million or more, assets of ...

ESG in 2024: key trends and legislative changes for the year ahead

ROSE MARY PETRASS  |  THURSDAY, 28 DEC 2023  |  NEWS
... not-yet-introduced legislation. The federal government has a tight timeline to meet to hit its deadline. Under the Corporations Act, the Australian Securities and Investments Commission (ASIC) imposes personal liability risks for directors. This will ...

Task Force on Climate-Related Financial Disclosures disbanded

ROSE MARY PETRASS  |  WEDNESDAY, 27 DEC 2023  |  NEWS
... planning. Climate-related financial disclosure requirements would be drafted as civil penalty provisions in the Corporations Act.