Section 1707DB — Corporations Act 2001 (Cth)

Orders

(1) This section applies in relation to an order that, under subsection 342C(2), provides that paragraph 342C(4)(b) applies to a document for a financial year that commences during the 3 years starting on the start date.

(2) The order may provide that paragraph (4)(b) of this section applies to a specified statement made in the document.

(3) Section 342 does not limit subsection (2) of this section.

Relief condition reports

(4) Subsection (5) applies to a statement if:

(a) the statement is made in a relief condition report (within the meaning of subsection 342C(4)) for the year; and

(b) the order provides under subsection (2) of this section that this paragraph applies to the statement for the year.

(5) Section 1707D (limited immunity for statements in new sustainability reporting) applies in relation to the statement as if:

(a) the relief condition report were a sustainability report for the financial year; and

(b) the references in subparagraphs 1707D(3)(a)(i) and (4)(a)(i) to complying with a sustainability standard were omitted; and

(c) to avoid doubt:

(i) if the year commences during the 3 years starting on the start date—a reference in subparagraph 1707D(3)(a)(ii) to an auditor’s report of an audit or review of a sustainability report mentioned in subparagraph 1707D(3)(a)(i) were a reference to an auditor’s report, on the relief condition report, required by section 301A (as that section applies under subsection 342C(6)); and

(ii) if the year commences during the 12 months starting on the start date—a reference in subparagraph 1707D(4)(a)(ii) to an auditor’s report of an audit or review of a sustainability report mentioned in subparagraph 1707D(4)(a)(i) were a reference to an auditor’s report, on the relief condition report, required by section 301A (as that section applies under subsection 342C(6)).

Related sections

• s 1707C — Application of amendments—directors’ declaration
• s 1707D — Limited immunity for statements in new sustainability reporting
• s 1707DA — Reports not required under section 292A
• s 1707E — Accounting standards must deal with audit and review of sustainability reports before 1 July 2030
• s 1707F — Review of sustainability report before 1 July 2030
• s 1707G — Review of operation of laws

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