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New climate reporting rules start on July 1. Many companies are not ready for the change

By Rachel Baird, Senior Lecturer , University of Tasmania

A new financial year starts on July 1. For Australia’s large companies, that means new rules on climate-related disclosures come into force.

These requirements are the culmination of years of planning to ensure companies disclose climate-related risks and opportunities for their business. The Albanese government passed the legislation in September 2024.

To be clear, the time to prepare is gone. From July 1,…

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