Corporations Act 2001

CHAPTER 2M - FINANCIAL REPORTS, SUSTAINABILITY REPORTS AND AUDIT  

PART 2M.3 - FINANCIAL AND SUSTAINABILITY REPORTING  

Division 3 - Audits and auditor ' s reports  

Note: This Division applies to sub-funds of retail CCIVs in a modified form: see section 1232G .

SECTION 309A   AUDITOR ' S REPORT ON SUSTAINABILITY REPORT  

Audit of sustainability report

309A(1)    
An auditor who audits the sustainability report for a financial year must report to members in accordance with subsections (2) , (3) , (4) and (5) on whether the auditor is of the opinion that the sustainability report is in accordance with this Act, including:

(a)    subsection 296A(2) or 296B(1) (contents of climate statements); and

(b)    section 296C (compliance with sustainability standards etc.); and

(c)    section 296D (climate statement disclosures).

If the auditor is not of that opinion, the auditor ' s report must say why.

309A(2)    
The auditor ' s report must describe:

(a)    any defect or irregularity in the sustainability report; and

(b)    any deficiency, failure or shortcoming in respect of the matters referred to in paragraph 307AA(b) .

Requirements for report

309A(3)    
The auditor ' s report must include any statements or disclosures required by the auditing standards.

309A(4)    
If the sustainability report includes additional information under paragraph 296A(3)(c) , the auditor ' s report must also include a statement of the auditor ' s opinion on whether the inclusion of that additional information was necessary to make the disclosures required by section 296D .

309A(5)    
The auditor ' s report must specify the date on which it is made.

Offences

309A(6)    
An offence based on subsection (1) is an offence of strict liability.

Note: For strict liability, see section 6.1 of the Criminal Code .