Australian Standard on Sustainability Assurance ASSA 5010 Timeline for Audits and Reviews of Information in Sustainability Reports under the Corporations Act 2001
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(a) Group 1 entities include entities that voluntarily report under the Corporations Act 2001 (the Act) from years commencing 1/1/25 to 30/6/26.
(b) Group 2 entities include:
(i) Entities that voluntarily report under the Act from years commencing 1/7/26 to 30/6/27; and
(ii) Entities that voluntarily reported under the Act for one year but did not report under the Act for the following year that commenced before 1 July 2027.
(c) Group 3 entities include:
(i) Entities that voluntarily report under the Act from years commencing 1/7/27 to 31/12/27; and
(ii) Entities that reported voluntarily under the Act for a year but did not report under the Act for a following year that commenced before 1/1/28, other than entities that meet the definition of a Group 2 entity under ASSA 5010.
Group 1 entities with years commencing 1/1 to 30/6 will be subject to the Year 1 provisions twice (e.g. years commencing 1/1/25 and 1/1/26). Reporting of Scope 3 emissions is required for years commencing on or after 1/1/26 for Group 1 entities.
For years commencing of or after from 1/7/30 the Act requires reasonable assurance for all mandatory climate disclosures.
The phasing for assurance on statements that there are no material climate-related risks and opportunities is the same as for ‘Strategy – Risks and Opportunities’.
Where the entity does not intend to disclose a transition plan or target, assurance work in the first instance concerns whether the entity has a transition plan or target to be disclosed.
Subdivision Appendix - Diagrammatic representation o - Australian Standard on Sustainability Assurance ASSA 5010 Timeline for Audits and Reviews of Information in Sustainability Reports under the Corporations Act 2001 - Appendix - Diagrammatic representation of assurance phasing | Zoe