Corporations Act 2001

CHAPTER 10 - TRANSITIONAL PROVISIONS  

PART 10.77 - APPLICATION AND TRANSITIONAL PROVISIONS RELATING TO SCHEDULE 4 TO THE TREASURY LAWS AMENDMENT (FINANCIAL MARKET INFRASTRUCTURE AND OTHER MEASURES) ACT 2024  

Division 2 - Sustainability reporting  

SECTION 1707DB   DOCUMENTS SPECIFIED BY EXEMPTION ORDERS  

Orders

1707DB(1)    
This section applies in relation to an order that, under subsection 342C(2) , provides that paragraph 342C(4)(b) applies to a document for a financial year that commences during the 3 years starting on the start date.

1707DB(2)    
The order may provide that paragraph (4)(b) of this section applies to a specified statement made in the document.

1707DB(3)    
Section 342 does not limit subsection (2) of this section.

Relief condition reports

1707DB(4)    
Subsection (5) applies to a statement if:

(a)    the statement is made in a relief condition report (within the meaning of subsection 342C(4) ) for the year; and

(b)    the order provides under subsection (2) of this section that this paragraph applies to the statement for the year.

1707DB(5)    
Section 1707D (limited immunity for statements in new sustainability reporting) applies in relation to the statement as if:

(a)    the relief condition report were a sustainability report for the financial year; and

(b)    the references in subparagraphs 1707D(3)(a)(i) and (4)(a)(i) to complying with a sustainability standard were omitted; and

(c)    to avoid doubt:

(i) if the year commences during the 3 years starting on the start date - a reference in subparagraph 1707D(3)(a)(ii) to an auditor ' s report of an audit or review of a sustainability report mentioned in subparagraph 1707D(3)(a)(i) were a reference to an auditor ' s report, on the relief condition report, required by section 301A (as that section applies under subsection 342C(6) ); and

(ii) if the year commences during the 12 months starting on the start date - a reference in subparagraph 1707D(4)(a)(ii) to an auditor ' s report of an audit or review of a sustainability report mentioned in subparagraph 1707D(4)(a)(i) were a reference to an auditor ' s report, on the relief condition report, required by section 301A (as that section applies under subsection 342C(6) ).