Module 1 Corporations Act and climate-related disclosure requirements
Proposed changes to reporting thresholds
The Australian Government is consulting on proposed changes to the large proprietary company thresholds in s45A of the Corporations Act 2001 (Corporations Act), as announced in the 2026-27 Budget. The proposed changes will result in an increase to the thresholds for consolidated revenue to $100 million (from $50 million) and consolidated assets to $50 million (from $25 million).
If the proposed changes are made, they will affect which entities are required to prepare a financial report and sustainability report under Chapter 2M of the Corporations Act. Some entities that were expecting to report as a Group 3 entity may no longer be required to prepare a financial report or sustainability report.
The proposed changes are not yet in effect, so you should continue to check for updates. Until any changes are made, the existing financial reporting and sustainability reporting thresholds continue to apply.
Module 1 sets out how these learning materials can be used and introduces the basics of the new climate-related disclosure requirements in the Corporations Act.
What will I learn?
The module’s first unit shows how the learning materials can be used and introduces the eight learning modules. It explains who the content is for, what the materials do and do not cover, and how they can support you in understanding and applying the key concepts behind climate-related financial disclosures.
The module’s second unit provides an overview of the new climate-related disclosure requirements in the Corporations Act. You will learn about what these requirements are, and their objectives.
Learning outcomes
By the end of this module, you will:
- know what topics and concepts are covered by these learning materials
- understand how to get the most out of the learning materials, given your particular circumstances
- be able to describe the basic features of Australia’s new mandatory climate-related disclosure requirements under the Corporations Act, and
- understand generally how these new disclosure obligations may affect your entity and others