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House r7436 Status Assent

Treasury Laws Amendment (Financial Reporting System Reform) Bill 2026

Amends the Australian Securities and Investments Commission Act 2001 to merge the Financial Reporting Council, the Australian Accounting Standards Board and the Auditing and Assurance Standards Board into a single entity to be known as External Reporting Australia, with responsibility for performing core financial reporting and sustainability standard-setting functions. Also makes consequential amendments to 8 Acts.

Summary from the official bill homepage.

Became law

ActTreasury Laws Amendment (Financial Reporting System Reform) Act 2026
NumberNo. 61, 2026
Assent6 Jul 2026
StatusIn force

Sourced from the Federal Register of Legislation at 21 Oct 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.

Progress

DateStep
House
12 Feb 2026Introduced and read a first time
12 Feb 2026Second reading moved
3 Mar 2026Second reading debate
3 Mar 2026Referred to Federation Chamber
4 Mar 2026Second reading debate
5 Mar 2026Reported from Federation Chamber
5 Mar 2026Second reading agreed to
5 Mar 2026Third reading agreed to
Senate
11 Mar 2026Introduced and read a first time
11 Mar 2026Second reading moved
29 Jun 2026Second reading debate
29 Jun 2026Second reading agreed to
29 Jun 2026Third reading agreed to
House
30 Jun 2026Consideration of Senate message
30 Jun 2026Finally passed both Houses
6 Jul 2026Assent

Divisions on this bill

Official record: bill homepage at aph.gov.au, full text and documents on ParlInfo.