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    Governance News 21 June 2023

    45 minute read + (PDF download)  21.06.2023 Mark Standen, Siobhan Doherty, Kate Hilder

    This week's issue has a strong ESG focus. In its latest move towards embedding sustainability into its broader regulatory approach, the ACCC has included sustainability among its four product safety priorities for 2023 2024.  On the disclosure front, the US SEC climate disclosure rule is now expected in October 2023. Turning to financial services, FRAA is seeking feedback on proposed metrics for assessing regulatory effectiveness and capability going forward, the Assistant Treasurer has flagged unfair trading practices reform as a priority and more…

    Full coverage of this weeks content is now available.

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    • Top Story | ACCC embeds sustainability into 2023-24 Product Safety Priorities 
    • Government consults on principles/objectives proposed to underpin Australia's first health and climate strategy
    • Net Zero Agency Chair and Advisory Board announced
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    • Aligning short-term targets with 1.5°C pathways: SBTI consults on new financial sector resources 

    Regulators Navigation Show below Hide below

    • FRAA consults on draft 'enduring metrics' for assessing regulator effectiveness and capability 
    • ASIC enforcement | ASIC accused of 'hindering' the senate inquiry into its enforcement approach 
    • Council of Financial Regulators: Latest quarterly statement released 

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    • Consumer protection | Assistant Treasurer flags addressing unfair trading practices as a priority, new consultation paper expected to be released in July 
    • Simplifying and improving the navigability of Treasury portfolio laws: Treasury Laws Amendment (2023 Law
    • Improvement Package No. 1) Bill 2023 introduced 
    • Financial Advice Experience Pathway | Treasury Laws Amendment (2023 Measures No. 3) Bill 2023 introduced 
    • Financial adviser registration requirement delayed to 1 October 2023 
    • DDO compliance | The Financial Services Council has released an update template TMD for funds management 
    • New consumer resources released ahead of commencement of new Life Insurance Code of Practice 

    Accounting and Audit Navigation Show below Hide below

    • Report finds UK Audit Committee Chairs are already focused on ESG 

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    • Top Story | An AI balancing act – Australia's potential regulatory measures under consideration by government 
    • Don't neglect governance in the race to embrace new tech says ASIC Chair 
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