November 2024 Monthly Compliance Wrap
Sustainability Updates on New Sustainability Reporting Regime – ASIC Seeks Feedback On 7 November 2024, ASIC released the draft Regulatory Guide 000 on the sustainability reporting regime, seeking public feedback before it takes effect in January 2025. This regime mandates annual sustainability reports with climate-related financial disclosures for large businesses and financial institutions. ASIC’s guide […]
October 2024 Monthly Compliance Wrap
Sustainability Governance: Macquarie Bank Fined for Market Manipulation in Electricity Futures Macquarie Bank was fined a record $4.995 million by the Markets Disciplinary Panel (MDP) for breaching market integrity rules by allowing suspicious orders in the electricity futures market. From January to September 2022, Macquarie permitted 50 suspicious orders, placed by three clients, to manipulate […]
September 2024 Monthly Compliance Wrap
Sustainability Climate-related Financial Disclosure On 9 September 2024, the climate-related financial disclosure legislation was passed by the Parliament and set to commence in January 2025. The legislation mandates the disclosure of climate-related financial information within Australia’s corporate disclosure framework, including details on reporting entities, assurance requirements, and enforcement. Entities subject to mandatory disclosure are categorised […]
July 2023 Monthly Compliance Wrap
Sustainability Risk Compliance TMC updates TMC is delighted to have advised Glow Capital Partners on compliance matters in relation to first deal; the acquisition of a controlling stake in Melbourne-headquartered clothing supplier Cargo Crew. The TMC crew held its semi-annual strategy day, reflecting on the growth and success of the past year and setting new […]
June 2023 Monthly Compliance Wrap
Sustainability Risk Compliance TMC updates The TMC family is growing! Hritwik Singh (aka “Ricky”)has joined TMC after graduating from a Bachelor of Commerce (Professional Accounting and Finance), The University of Sydney. Our Principal, Dominic Tayco,was honoured to present to the following organisations on Sustainable Finance this month: Dom has recently been appointed as a Teaching […]