AUSTRALIAN UPDATE - ESG-Related Policy in Australia Under the Newly Re-Elected Labor Government - On 3 May 2025, the incumbent Labor government, led by Prime Minister Anthony Albanese, won re-election to a second consecutive...more
Australian Update - Resistance to Australian Securities Exchange Corporate Governance Council’s Diversity Reforms Signals Decline in Environment, Social and Governance Commitment - The recent decision by the Australian...more
4/15/2025
/ Australia ,
Australian Securities Exchange (ASX) ,
Clean Energy ,
Climate Change ,
Corporate Governance ,
Environmental Social & Governance (ESG) ,
European Commission ,
Financial Services Industry ,
Greenwashing ,
Paris Agreement ,
Popular ,
Regulatory Requirements ,
Renewable Energy ,
Sustainability
Australian Update - ASIC's Key Issues Outlook for 2025 - On 24 January 2025, the Australian Securities and Investments Commission (ASIC) released its key issues outlook for 2025 which provides insights for Australian...more
3/26/2025
/ ASIC ,
Australia ,
Clean Energy ,
Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Greenwashing ,
Investment ,
Manufacturers ,
Popular ,
Renewable Energy ,
Supply Chain ,
Sustainability ,
Sustainable Business Practices
Australian - Update Mandatory Climate-Related Financial Disclosures Come Into Effect - The first phase of the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024 (Cth) (Bill) commenced on...more
2/24/2025
/ ASIC ,
Australia ,
Carbon Emissions ,
Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
Financial Markets ,
Greenhouse Gas Emissions ,
Modern Slavery Act ,
Regulatory Agenda ,
Reporting Requirements ,
Sustainability
Australian Update - Appointment of the Inaugural Australian Anti-Slavery Commissioner - On 11 November 2023, the Attorney-General announced the appointment of Chris Evans as the inaugural Australian Anti-Slavery Commissioner...more
12/16/2024
/ Annual Reports ,
Anti-Slavery Commissioner ,
Artificial Intelligence ,
ASIC ,
Australia ,
Climate Change ,
Corporate Governance ,
Corporate Social Responsibility ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Financial Services Industry ,
Licensees ,
Popular ,
Sustainability ,
Sustainable Business Practices ,
Sustainable Finance
On 25 September 2024, the Federal Court ordered a large superannuation trustee (Trustee) to pay the highest penalty imposed for greenwashing conduct yet–AU$12.9 million. This comes off the back of the Federal Court in early...more
On 22 August 2024, the Senate passed the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024 (the Bill), which requires certain organisations to make mandatory climate-related financial...more
Mining companies are one step closer to being subject to the changes of the first comprehensive review of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code or the...more
Australian Update - Australian Competition and Consumer Commission Enforcement Priorities for 2024-2025 - The Australian Competition and Consumer Commission (ACCC) has announced its enforcement and compliance priorities for...more
4/26/2024
/ ASIC ,
Australia ,
Australian Competition and Consumer Commission (ACCC) ,
Climate Change ,
Competition ,
Compliance ,
Corporate Governance ,
Disclosure Requirements ,
Enforcement ,
Enforcement Actions ,
Environmental Social & Governance (ESG) ,
Financial Institutions ,
Green Bonds ,
Greenwashing ,
Reporting Requirements ,
Small Business ,
Supply Chain ,
Sustainability ,
Sustainable Finance
Australia welcomes new business and foreign investment by providing a strong economy, a stable political environment and a skilled and talented workforce. Our comprehensive guide to Doing Business in Australia has been...more
4/19/2024
/ ASIC ,
Australia ,
Australian Competition and Consumer Commission (ACCC) ,
Australian Securities Exchange (ASX) ,
Board of Directors ,
Business Development ,
Business Entities ,
Capital Gains Tax ,
Competition ,
Copyright ,
Corporate Governance ,
Data Breach ,
Data Privacy ,
Digital Assets ,
Disclosure Requirements ,
FinTech ,
Foreign Corporations ,
Foreign Investment ,
Foreign Ownership ,
Franchises ,
Franchisors ,
Immigration ,
Income Taxes ,
Insolvency ,
Intellectual Property Protection ,
Investment Funds ,
Investors ,
Joint Venture ,
Limited Partnerships ,
Modern Slavery Act ,
National Security ,
Notice Requirements ,
Partnerships ,
Patents ,
Regulatory Oversight ,
Risk Mitigation ,
Securities ,
Sole Proprietorship ,
Supply Chain ,
Tax Rates ,
Thin Capitalization ,
Trademarks ,
Trusts ,
Venture Capital
Overview - The Australian Securities Exchange (ASX) Corporate Governance Council (Council) has recently released its consultation materials for the proposed 5th Edition of the Corporate Governance Council Principles and...more
4/18/2024
/ Annual Reports ,
Australia ,
Australian Securities Exchange (ASX) ,
CEOs ,
CFOs ,
Code of Conduct ,
Compliance ,
Corporate Governance ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Proposed Amendments
Australian Update - Australian Securities and Investments Commission Continues Greenwashing Enforcement Efforts - On 28 February 2024, the Australian Securities and Investments Commission (ASIC) reported that an outsourced...more
4/2/2024
/ ASIC ,
Australia ,
Climate Change ,
Corporate Governance ,
Corporate Social Responsibility ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Financial Institutions ,
Greenwashing ,
Investment ,
Minerals ,
Misleading Statements ,
Natural Resources ,
Popular ,
Securities and Exchange Commission (SEC) ,
Supply Chain ,
Sustainability
Overview - Background - The Australian Government recently released an exposure draft of the legislation to implement mandatory climate-related financial disclosures (Draft Legislation). This follows the release of draft...more
2/20/2024
/ Australia ,
Climate Change ,
Corporate Governance ,
Corporate Social Responsibility ,
Due Diligence ,
Duty of Care ,
Environmental Social & Governance (ESG) ,
Financial Services Industry ,
Regulatory Oversight ,
Reporting Requirements ,
Risk Management ,
Sustainability
Australian Update - Draft Reporting Standards for Australian Climate-Related Disclosures - As previously reported by K&L Gates, the Australian Accounting Standards Board released its exposure draft of the Australian...more
11/27/2023
/ Australia ,
Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Energy Sector ,
Environmental Social & Governance (ESG) ,
EU ,
Green Bonds ,
Hydrogen Power ,
Investment ,
Regulatory Standards ,
Renewable Energy ,
Reporting Requirements ,
Sustainability ,
Sustainable Finance
Companies will often make representations about modern slavery as part of their environmental, social and governance (ESG) measures. In this article, we consider whether potentially false or misleading claims about modern...more
Australia Update - ACCC Releases its Guidance on Making Environmental and Sustainability Claims - As previously reported by K&L Gates, the Australian Competition and Consumer Commission (the ACCC) released its long-awaited...more
Whilst there has been a marked improvement in the aspirations of Australia's leading companies with respect to environmental, social and governance (ESG) reporting over the last few years, we expect the requirements for more...more