Australia’s sustainability reporting framework is in effect following the passing of the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024 (the Act), which received Royal Assent in early September 2024. The Act introduced legislation mandating certain entities reporting under Chapter 2M of the Corporations Act 2001 to prepare a sustainability report which includes climate-related financial disclosures in accordance with Australian Sustainability Reporting Standards (ASRS) made by the Australian Accounting Standards Board (AASB).