Jurisdiction
For products sold in Australia
Law Summary
This Australian law, passed in September 2024, strengthens the regulatory framework for financial market infrastructures (FMIs). It enhances licensing, supervisory, and enforcement powers for ASIC and the RBA, and introduces a crisis management regime to ensure financial system stability.
Law Obligation
- Companies must disclose climate-related financial information and risks.
- Organizations must report on climate transition plans and strategies.
- Businesses must provide climate risk assessments and mitigation measures.
