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Regulatory

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: Asset,  Treasury,  Scope,  Superannuation Funds of Australia,  Leeanne Turner,  Mark Rigotti,  ASIC,  Australian Accounting Standards Board,  Australian Institute of Company,  Australian Securities,  Climate-related Financial Information,  Council of Financial,  Investment Commission Act,  Modern Slavery Act,  SR1 Australian Sustainability Reporting Standards,  Treasurer Jim Chalmers