Financial Markets Conduct (Climate-related Disclosures for Overseas Climate Reporting Entities) Exemption Notice 2026

This exemption provides relief for certain overseas entities, subject to a comparable mandatory overseas climate reporting regime, from the climate reporting, assurance, and record-keeping duties they have under Part 7A of the Financial Markets Conduct Act 2013.

Initially, the notice only specifies Australia as an approved jurisdiction, and Australian Sustainability Reporting Standard AASB S2 Climate-related Disclosures as an approved foreign climate reporting standard. The FMA intends to add to the notice over time other suitable countries as approved jurisdictions and their foreign climate reporting standards.

The exemption notice includes various conditions – including a condition which requires that exempt Australian entities must file on the New Zealand CRD register a copy of their annual report containing the sustainability report and the auditor’s report on the sustainability report.

We have also published a Regulatory Impact Statement that discusses the exemption relief in the Financial Markets Conduct (Climate-related Disclosures for Overseas Climate Reporting Entities) Exemption Notice 2026. It summarises the problem we are seeking to address, our objectives, the options and their associated impacts, and the consultation process we undertook before deciding to grant the exemption.

View the Financial Markets Conduct (Climate-related Disclosures for Overseas Climate Reporting Entities) Exemption Notice 2026