[no bill text published] Disclosure obligations and conduct requirements for External Reporting Australia
Treasury Laws Amendment (Financial Reporting System Reform) Bill 2026
1st House
2nd House
Law
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
External Reporting Australia must disclose information under specific confidentiality rules.
External Reporting Australia must monitor international and domestic accounting, auditing, and sustainability standards.
Council and board members must follow a formal Code of Conduct.
The Governing Council must fire any board member who leaks confidential information.
Board members must record any conflicts of interest in the meeting minutes.
The Minister must agree in writing before a council member is appointed to a board.
The Governing Council must ensure at least one board is available to handle each category of standards.