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Financial Services Reform Act, 2001

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Summary

Under the act it presents new ethical disclosure requirements. Issuers of financial products are obliged to disclose the extent to which "labor standards or environmental, social or ethical considerations are taken into account in the selection, retention or realization of an investment".

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Issuer

Australia

Year

2001

Region

Oceania

Issuer (type)

Department of the Treasury (Government)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Mandatory


Main industries targeted
  • Finance & Insurance
  • Retail trade
  • Information
  • Wholesale trade
Restrictiveness

Moderate

Sustainable Development Goals (SDGs)
  • SDG 8: Decent Work and Economic Growth
  • SDG 10: Reduced Inequality

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