CA ANZ and CPA Australia have jointly outlined our support for Schedule 2 of the Treasury Laws Amendment (2023 Measure No.1) Bill 2023 which related to sustainability standards.

We support the amendments that vests sustainability-related reporting and assurance with the AASB and AUASB and an increased oversight and governance responsibility being afforded to the FRC.

We consider Schedule 2 of the Bill as an important milestone in Australia’s progress to align with international advancements in high-quality, consistent sustainability reporting more broadly.