Our experts will provide insights and actionable knowledge that will empower your organisation to navigate the evolving landscape of sustainability reporting.

Some key topics include:

• Scope 3
• Climate scenario analysis
• Lessons learnt from the first reporting cycle

Webinar details

Session 1 – Scope 3

Date

Wednesday 6 May 2026

Location

Online nationally – via Zoom webinar

Time

12pm – 1pm (AEST)

10am – 11am (Perth)

12pm – 1pm (Brisbane)

Register

Session 2 – Climate scenario analysis

Date

Thursday 25 June 2026

Location

Online nationally – via Zoom webinar

Time

12pm – 1pm (AEST)

10am – 11am (Perth)

12pm – 1pm (Brisbane)

Register

Session 3 – Lessons learnt from the first reporting cycle

Date

Thursday 22 October 2026

Location

Online nationally – via Zoom webinar

Time

12pm – 1pm (AEDT)

9am – 10am (Perth)

11am – 12pm (Brisbane)

Register

Expert speakers

Tom Mullarkey
Partner
SW

René Muller 
Partner
SW

Jimmy Cao
Associate Director
SW

The post Sustainability Reporting webinar series 2026 appeared first on SW Accountants & Advisors.

Draft guidelines unveiled in February mandate sustainability reporting for companies listed on the Shanghai, Shenzhen, and Beijing Stock Exchanges. This move aligns with global trends as jurisdictions worldwide increasingly require sustainability and climate related reporting.

Guideline areas

The guidelines will encompass areas such as:

• Emissions
• Climate impact
• Governance
• Strategy
• Risk management

What does this mean for Australian Businesses?

• Australian businesses with connections to Chinese entities must prepare for heightened scrutiny regarding carbon emissions and adherence to international reporting standards.
• Chinese entities listed on the mentioned exchanges will be expected to disclose comprehensive sustainability reports, drawing on both domestic and international standards.

Globally, many jurisdictions have now released draft or final standards, draft or final legislation and rollout plans for companies to implement mandatory sustainability reporting. In Australia some entities are already including mandatory climate disclosures under the NGER legislation, and many more large companies in Australia are expected to need to comply with sustainability disclosure standards in the coming years. China mandating sustainability disclosures is in-line with what is happening in other jurisdictions and evidence of the current global trend. There is also significant focus in China on reducing emissions.

How can SW help?

In response to this shift, SW offers support to companies through gap analyses and readiness assessments for mandatory sustainability reporting. SW Partners, Rene Muller, John Dorazio, Tom Mullarkey, and Associate Director Jimmy Cao are available to provide guidance and assistance throughout this transition.

Reach out to your SW contacts or the key contacts here for a conversation.

Contributors

Jimmy Cao

The post China proposes mandatory Sustainability reporting for listed companies appeared first on SW Accountants & Advisors.

Past sessions

Webinar 1 | Getting ready for sustainability reporting

Webinar 2 | Carbon reporting

Webinar 3 | Sustainability reporting standards

Expert speakers

Tom Mullarkey
Partner
SW

Jimmy Cao
Associate Director
SW

René Muller 
Partner
SW

James Serpell
Senior Manager
SW

John Dorazio
Director
SW

The post Sustainability Reporting webinar series appeared first on SW Accountants & Advisors.

The exposure draft contains Australian Sustainability Reporting Standards (ASRS) 1 and 2, both of which focus on disclosure of climate-related financial information.

This approach contrasts with the approach taken by the International Sustainability Standards Board (ISSB) that issued a general sustainability standard (IFRS S1) and a climate standard (IFRS S2). Whilst the ISSB standards were used as the baseline, the proposed Australian standards in ED format contain a number of differences. The key differences between the proposed Australian standards and the international equivalent are as follows:

• limiting the required disclosure to climate-related financial disclosures only by replacing all references to ‘sustainability’ to ‘climate’
• edits to make the standards applicable to not-for-profit entities as well as for-profit
• edits to clarify certain technical matters around measurement and reporting of emissions
• some other edits to make the standard more applicable in the Australian context and to remove some duplication

The proposed standards will also be applicable to not-for-profit entities that meet the reporting criteria. However, the mandatory disclosure for not-for-profit entities will be less onerous than applies to for profit entities.

The Australian Parliament, rather the AASB, determined the entities scoped into the legislation. The AASB have included Treasury’s proposed roadmap, from its second consultation paper, for mandatory adoption of sustainability standards.

Treasury’s proposed roadmap for mandatory adoption includes:

Group 1 | 2024-25

Entities preparing accounts in accordance with the Corporations Act (chapter 2M) and meets at least two of the following:

• over 500 employees
• consolidated gross assets of $1bn or more
• consolidated revenue of $500m or more

AND Entities preparing accounts in accordance with the Corporations Act (chapter 2M) that are a ‘controlling corporation’ under the NGER Act and meet the NGER publication threshold.

Group 2 | 2026-27

Entities preparing accounts in accordance with the Corporations Act (chapter 2M) and meets at least two of the following:

• over 250 employees
• consolidated gross assets at end of company’s financial year and any controlled entities is $500m or more
• consolidated revenue for company’s financial year and any controlled entities is $200m or more

AND Entities preparing accounts in accordance with the Corporations Act (chapter 2M) that are a ‘controlling corporation’ under the NGER Act and meet the NGER publication threshold.

Group 3 | 2027-28

Entities preparing accounts in accordance with the Corporations Act (chapter 2M) and meets at least two of the following:

• over 100 employees
• consolidated gross assets at the end of the company’s financial year and controlled entities is $25 million or more
• consolidated revenue for the company’s financial and any controlled entities it $50m or more

AND Entities preparing accounts in accordance with the Corporations Act (chapter 2M) that are a ‘controlling corporation’ under the NGER Act.

ASRS Application Date

The AASB is proposing that ASRS 1, ASRS 2 and related references would be applied:

• for entities in Group 1 – in annual periods beginning on or after 1 July 2024
• for entities in Group 2 – in annual periods beginning on or after 1 July 2026
• for entities in Group 3 – in annual periods beginning on or after 1 July 2027

What we are advising our clients to do as next steps

• reach out to your SW contact to get more information
• familiarise yourself with the content of the proposed standards and seek clarification on how you will be impacted
• provide feedback to the AASB regarding the content of the exposure draft

You should also attend SW’s financial reporting webinar on Thursday 16 November to hear more about these proposed standards. Click here to register

How SW can help

Our team of audit and assurance experts are fully informed of the requirements of the sustainability accounting standards and can assist with providing guidance for your business, as well as keeping you abreast of developments from an Australian reporting context.

Reach out to your SW contacts or the key contacts here for a conversation.

Contributors

Jimmy Cao

James Serpell

The post Exposure Draft issued for Australia’s first Sustainability Reporting Standards appeared first on SW Accountants & Advisors.

This year, the series was delivered online with a focus on topics of particular relevance and importance to our clients in 2023, and also provided a general update on what’s new in financial reporting.

Series details

Webinar 1: Financial Reporting update for 30 June 2023

Our experts provided insight and an update on:

• Accounting standard changes
• Key focus areas for 30 June 2023 reporting
• ASIC update
• Corporate governance update
• Sustainability standards
• Other regulatory changes

Webinar 2: Financial Reporting update for 31 December 2023

Our experts covered:

• Accounting standard changes
• Key focus areas for 31 December 2023 reporting
• ASIC update
• Corporate governance update
• Sustainability standards
• Other regulatory changes

Series experts

Tom Mullarkey
Partner, Assurance and Advisory Services
SW 

René Muller
Partner, Assurance and Advisory Services
SW 

Jimmy Cao
Associate Director, Assurance and Advisory Services
SW 

James Serpell
Senior Manager, Assurance and Advisory Services
SW 

Contact us

If you have any queries or would like more information, please contact the Marketing team via marketing@sw-au.com.

The post Financial Reporting Webinar Series appeared first on SW Accountants & Advisors.

This year, the series will be delivered online, and sessions are spread across the year with a focus on topics of particular relevance and importance to our clients in 2022, and also provide you with a general update on what’s new in financial reporting.

Series details

Webinar 1 (28 April 2022): Share-based payments

This session delved into the key tax and accounting issues surrounding share-based payments with insightful worked examples. The webinar covered:

• Overview and background
• Recent changes to tax legislation
• What is a share-based payment?
• Vesting conditions
• Recognition and measurement – worked example
• Valuation methodologies

Webinar 2 (19 May 2022): Financial services

Our experts focused on financial services and provided an update on:

• Regulatory update – accounting standards, regulatory bodies
• SIV fund compliance update
• AFSL compliance update including transition to general purpose financial reporting
• Tax update for financial services

Webinar 3 (9 June 2022): Financial Reporting update for financial year end 30 June 2022

Our experts provided insight and an update on:

• Accounting standard changes
• Key focus areas for 30 June 2022 reporting
• ASIC update and focus areas
• Corporate governance update
• Other regulatory changes

Webinar 4 (17 November 2022): Financial Reporting update for financial year end 31 December 2022

Our experts will cover:

• Accounting standard changes
• Key focus areas for 31 December 2022 reporting
• ASIC update and focus areas
• Corporate governance update
• Other regulatory changes

Series experts

René Muller
Partner, Assurance and Advisory Services
SW 

Tom Mullarkey
Partner, Assurance and Advisory Services
SW 

Jimmy Cao
Associate Director, Assurance and Advisory Services
SW 

Justin Batticciotto
Associate Director, Tax
SW

Vikas Nahar
Director, Corporate Finance 
SW

Bessie Zhang
Partner, Assurance and Advisory Services
SW

Rami Eltchelebi
Partner, Assurance and Advisory Services
SW 

Simon Tucker
Director, Tax 
SW

Brent Sheers
Senior Manager, Assurance and Advisory Services
SW

Mark Smit
Associate Director, Assurance and Advisory Services
SW 

Contact us

If you have any queries or would like more information, please contact the Marketing team via marketing@sw-au.com.

The post Financial Reporting Webinar Series appeared first on SW Accountants & Advisors.

Webinar 1 (18 March 2021): Removal of special purpose financial reporting

• Moving from Special Purpose to General Purpose Financial Statements
• Exempt entities
• Requirements of AASB 1060 i.e. New tier 2 General Purpose Financial Statements – Simplified Disclosures
• Applying AASB 1 First-time Adoption of Australian Accounting Standards

Webinar 2 (29 April 2021): Valuation of assets

• Identifying impairment indicators
• Fair valuing assets in accordance with accounting standards
• Estimating key inputs
• Accounting for impairment of assets

Webinar 3 (27 May 2021): Financial Reporting update for 30 June 2021

• Accounting standard changes
• Key focus areas for 30 June 2021 reporting
• ASIC update and focus areas
• Corporate governance update
• Other regulatory changes

Webinar 4 (11 November 2021): Financial Reporting update for 31 December 2021

• Accounting standard changes
• Key focus areas for 31 December 2021 reporting
• ASIC update and focus areas
• Corporate governance update
• Other regulatory changes
• Not-for-profit update
• Employee share schemes update

Series speakers

René Muller
Partner

Tom Mullarkey
Partner

Kerry McGoldrick
Partner

Contact us

If you have any queries or would like more information, please contact the Marketing team via marketing@sw-au.com.

The post Financial Reporting series 2021 appeared first on SW Accountants & Advisors.

In this webinar recording Bessie Zhang, Rene Muller, Tom Mullarkey, Jimmy Cao and Callum Murray covered the following topics with nearly 500 attendees:

• COVID-19 impacts on financial reporting
• New Simplified Disclosure Regime (SDR) reporting and the removal of special purpose financial statements
• Accounting for leases
• ASIC update
• ACNC update
• Other regulatory changes

Contact us

The post Financial Reporting update appeared first on SW Accountants & Advisors.

The extended deadlines for lodgement is intended to assist entities where financial reporting is requiring additional time due to current remote work arrangements, travel restrictions and other impacts of COVID-19.

AISC cautioned that where possible, entities should continue to lodge within the statutory deadlines having regard to the information needs of shareholders, creditors and other users of their financial reports, or to meet borrowing covenants or other obligations.

The extended deadlines will not apply for 31 December 2019 balance dates if the reporting deadline has already passed.

An instrument extending the deadlines is expected to be registered on the Federal Register of Legislation by the end of next week.

Some additional key points in ASIC’s release:

• For unlisted companies, the filing deadline has been extended from 4 months to 5 months
• AFSL is covered in the extension
• The extension will automatically occur
• Grandfathered company will not lose its grandfathered status if utilising the extension.

How can ShineWing Australia assist?

We can assist through:

• Advise you on current reporting requirements
• Any deadline relief for listed companies and for 30 June year-end entities is yet to be determined. We will keep you abreast of any further impacts on deadlines as they are announced.

Get in touch

The post ASIC extends lodgement deadlines appeared first on SW Accountants & Advisors.