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Corporations Act - Sect 299

Australia Current 2001

This act requires companies that prepare an Annual Directors’ Report to specify whether the entity’s operations are subject to any significant environmental regulations under state or national law. The report must also provide details of the entity’s performance in relation to these environmental regulations.

More information

On 1 July 2004 the Corporate Law Economic Reform Program (Audit Reform & Corporate Disclosure) Bill 2003 (CLERP 9) extended this to the operations and financial position of the entity and its business strategies and prospects (Section 99A [1]). In 2005 both the parliamentary Joint Committee on Corporations and Financial Services (PJC) and Corporations and Markets Advisory Committee (CAMAC) undertook enquiries into CSR and the desirability of mandatory requirements for companies to report on the social and environmental impact of their activities. CAMAC produced a detailed CSR discussion paper (November 2005) with an overview of regulatory requirements.

Organizations covered by the instrument

All Companies

Industry scope

All/none specified

Disclosure venue

Annual Director's Report

ESG coverage- S (Social)

Product & Services Responsibility

ESG coverage- G (Governance)

Structure & Leadership, Effectiveness, Accountability, Anti-Corruption and Anti-Competitive Behaviour

ESG coverage- Eco (Economic & General)

Economic performance, Market presence, Trade and Investment






Asia Pacific

Date of publication


Issuer type

Governments (governmental department, agency)

Reporting requirements

Public law and regulation

Mandatory or voluntary


The geographical scope


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