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.