Corporations Act 2001

An auditor who audits the sustainability report for a financial year must report to members in accordance with subsections (2), (3), (4) and (5) on whether the auditor is of the opinion that the sustainability report is in accordance with this Act, including:

subsection 296A(2) or 296B(1) (contents of climate statements); and

section 296C (compliance with sustainability standards etc.); and

section 296D (climate statement disclosures).

The auditor’s report must describe:

any defect or irregularity in the sustainability report; and

any deficiency, failure or shortcoming in respect of the matters referred to in paragraph 307AA(b).

The auditor’s report must include any statements or disclosures required by the auditing standards.

If the sustainability report includes additional information under paragraph 296A(3)(c), the auditor’s report must also include a statement of the auditor’s opinion on whether the inclusion of that additional information was necessary to make the disclosures required by section 296D.

The auditor’s report must specify the date on which it is made.

An offence based on subsection (1) is an offence of strict liability.

For strict liability, see section 6.1 of the Criminal Code.