Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Act 2024 (87 of 2024)

Schedule 4   Sustainability reporting

Part 2   Audit

Corporations Act 2001

119   At the end of section 336

Add:

(5) If:

(a) the AUASB makes an auditing standard; and

(b) the standard applies to sustainability reports in relation to particular periods under subsection (3); and

(c) an auditor is conducting an audit of a sustainability report in relation to a period that occurs before the start of the earliest of those periods;

the auditor may elect to apply the auditing standard to that audit unless the standard says otherwise. The election must be recorded in the auditor's report.