ASRS Group 2 climate disclosure — FY commencing on/after 1 July 2026
Group 2 (mid-tier entities) start climate disclosure FY27.
Who must comply
Group 2 entities meeting any threshold.
What triggers it
First FY commencing on/after 1 July 2026.
When due
First report alongside FY27 annual financial report.
Evidence required
AASB S2 disclosures; auditor's limited assurance.
Max penalty
Same penalty regime as ASRS Group 1
Effective from
1 July 2026
Summary
Group 2 thresholds (revenue ≥$200M, assets ≥$500M, ≥250 employees, or NGER controlling corporation) start AASB S2 sustainability reporting for FYs commencing on/after 1 July 2026. Limited assurance year 1 + Scope 3 from year 2.
Enforced by
Source legislation
Topics
Source: https://aasb.gov.au/admin/file/content105/c9/AASB_S2_09-24.pdf. Rules Mate is not a law firm. Always verify against the live regulator source before acting.