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Treasury releases climate disclosure draft legislation

Super funds with more than $5 billion in assets under management will have to report on the financial impacts of climate change from 1 July 2026, according to mandatory climate risk reporting legislation proposed by government.

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Read more: AssetTreasuryScopeSuperannuation Funds of AustraliaLeeanne TurnerMark RigottiASICAustralian Accounting Standards BoardAustralian Institute of CompanyAustralian SecuritiesClimate-related Financial InformationCouncil of FinancialInvestment Commission ActModern Slavery ActSR1 Australian Sustainability Reporting StandardsTreasurer Jim Chalmers