Treasury Laws Amendment (Financial Reporting System Reform) Act 2026 (61 of 2026)

Schedule 1   Financial reporting system reform

Part 3   Consequential amendments

Corporations Act 2001

38   In the appropriate position in Chapter 10

Insert:

Part 10.84 - Application and transitional provisions relating to the Treasury Laws Amendment (Financial Reporting System Reform) Act 2026

1736 Definitions

In this Part:

amending Part means Part 3 of Schedule 1 to the Treasury Laws Amendment (Financial Reporting System Reform) Act 2026.

1737 Saving provisions - standards

(1) An accounting standard made by the Australian Accounting Standards Board under section 334 and in force immediately before the commencement of the amending Part continues in force (and may be dealt with) on and after that commencement as if it were an accounting standard made by External Reporting Australia under that section as amended by that Part.

(2) An auditing standard made by the Auditing and Assurance Standards Board under section 336 and in force immediately before the commencement of the amending Part continues in force (and may be dealt with) on and after that commencement as if it were an auditing standard made by External Reporting Australia under that section as amended by that Part.

(3) A sustainability standard made by the Australian Accounting Standards Board under section 336A and in force immediately before the commencement of the amending Part continues in force (and may be dealt with) on and after that commencement as if it were a sustainability standard made by External Reporting Australia under that section as amended by that Part.

1738 Transitional provision - other documents

Section 338, as in force immediately before the commencement of the amending Part, continues to apply on and after that commencement in relation to:

(a) a document that purports to be published by, or on behalf of, the Australian Accounting Standards Board or the Auditing and Assurance Standards Board before that commencement; or

(b) a copy of such a document (whether the copy is made before, on or after that commencement).