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ARTICLE · 28 JULY 2025

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June 2025 ESG Policy Update—Australia

K&L Gates
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K&L Gates

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The Australian Securities and Investments Commission (ASIC) has published its financial reporting and audit focus areas for the 2025-26 financial year.

AustraliaStrategy
Jim Bulling
Jim Bulling
Clive Cachia
Clive Cachia
Michael Hain
Michael Hain
Lisa Lautier
Lisa Lautier
Adam Levine
Adam Levine
Tom Young
Tom Young
Nathan Bodlovich
Nathan Bodlovich
Daniel Nastasi
Daniel Nastasi
Natalia Tan
Natalia Tan

Australian Update

ASIC Includes Climate-Related Disclosures in its Financial Reporting and Audit Focus Areas for FY2025-26

The Australian Securities and Investments Commission (ASIC) has published its financial reporting and audit focus areas for the 2025-26 financial year. These include an emphasis on the surveillance of sustainability reporting standards.

This is designed to assess implementation of the Australian Accounting Standards Board (AASB) S2 Climate-related disclosures (AASB S2), which became mandatory for Group 1 entities with financial years commencing on or after 1 January 2025. Further information on the criteria for a Group 1 entity can be found here.

This reporting standard is applicable for entities who:

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