Decide whether the entity must prepare a climate disclosure
MaintainedLast reviewed
Key facts
- Human involvement
- RedLawyer-led
- How AI is used
- Extract the entity’s name, the financial year, revenue bands the client has supplied, and group structure into a fact sheet for the threshold question.
- What the lawyer must review
- Make the threshold call yourself
- Do not leave a generated “Group 1” or “not required” label in client advice
Rules that apply
The document starts from the task name. Change it if this piece of work is different.
The work product
Forum. Commonwealth: Corporations Act 2001 and AASB S2
Produce. A fact sheet of the inputs the Act needs, with the lawyer’s conclusion written separately.
Have ready. Financial statements or management figures the client has labelled; Group structure; The reporting year.
Example of the limit. A consolidated revenue figure in a pitch deck is not the statutory figure. The fact sheet marks the source. It does not pick a group.
Stop and hand it back when
- The revenue or group figures are estimated and not identified as such.
- The draft states that the entity must or need not report.
Sources for this task were checked on 2026-09-22.
Who does what
| Role | What they do |
|---|---|
| Assistance | Supporting preparation only. Extract the entity’s name, the financial year, revenue bands the client has supplied, and group structure into a fact sheet for the threshold question. Substantive advice, judgement and any restricted content remain with the responsible human. |
| Lawyer | Perform the substantive analysis and decisions. Independently check any permitted supporting work and approve the exact output for its intended use. |
Checklist
- Record the source of each figure and whether the client says it is statutory.
- Open AASB S2 and the Corporations Act provisions the lawyer names. Do not rely on a secondary summary for the class test.
- Note the three statutory start dates and which year is being asked about.
- The lawyer writes the answer and the missing facts.
Sources
- AASB S2 Climate-related Disclosures, September 2024 · 2026-09-22
Suggested working checks from the linked public sources. Read the source and confirm it applies to this forum and this date. The checks do not approve software or record that the work is done.