The Australian Treasury has launched a public consultation on a new draft law containing measures for the disclosure of subsidiary information by Australian public companies. The explanatory memorandum summarizes the new law as follows. The deadline for comments is 13 April 2023.
---
Summary of new law
For each financial year commencing on or after 1 July 2023, Australian public companies must, as part of their annual financial reporting obligations, provide a 'consolidated entity stat…