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The Treasury Laws Amendment (Making Multinationals Pay Their Fair Share – Integrity and Transparency) Bill 2023 (‘the Amendment’) was passed on the 27 March 2024 by the Federal Government.

ASIC focus areas for 30 June 2024 financial reports

Accounting standards issued but not yet effective for 30 June 2024

What’s new for June 2024

Treasury Laws Amendment (Making Multinationals Pay Their Fair Share - Integrity and Transparency) Act 2024

What’s new for December 2023

Accounting standards issued but not yet effective for 31 December 2023

The purpose of this Alert is to draw attention to the Climate-related financial disclosure: exposure draft legislation consultation (Draft Legislation) published by the Australian Treasury on 12 January 2024. This draft legislation follows Treasury’s second consultation paper on the subject (June 2023).

The purpose of this Alert is to draw attention to the Australian Sustainability Reporting Exposure Draft ED SR1 (“ASRS Exposure Draft”) published by the Australian Accounting Standards Board (AASB) in October 2023.

The purpose of this Alert is to draw attention to the Australian Securities and Investments Commission’s (ASIC) Media Release 23-343MR ASIC highlights focus areas for 31 December 2023 reporting.

AASB 2021-2 and AASB 2021-6 apply prospectively to annual reporting periods beginning on or after 1 January 2023.

When the AASB issues a new or revised Standard (or an Interpretation) with an effective date after the end of the reporting period, an entity has two choices.