Group 3 “no material risk” statement prep for Australian businesses

A named person on our team owns your file and reviews everything that leaves it. Software does a real share of the grinding underneath it — coding, matching, flagging the obvious gaps — but nothing regulated happens without a person’s judgement, and nothing here is signed or filed by an algorithm.

CapEasy prepares the assessment file and draft; directors sign, and the auditor’s report comes from an AUASB-registered practitioner.

Whatever you already run. Most commonly QuickBooks, Xero, NetSuite, Sage, Zoho Books and a handful of others — we work inside your system rather than moving you onto one of our own.

A short, free read-only look at what you already have, and a written note on what we found. A scoping call decides the size of the engagement — nothing here commits you to anything.

There is no published price for group 3 “no material risk” statement prep — it depends on volume, how many entities are involved, and how far behind the books are. We quote after the read-only review, which is free.

Group 3 “no material risk” statement prep sits inside esg & sustainability, alongside Scope 3 supplier data pack, AASB S2 readiness assessment. Most clients end up buying the category as a whole rather than one leaf at a time, but starting narrow is fine.

Meeting at least two of consolidated revenue of $50 million or more, consolidated gross assets of $25 million or more, or 100 or more employees, and not already captured by the Group 1 or Group 2 thresholds or by NGER registration. Group 3's obligations start from a financial year beginning 1 July 2027.

It's the short statement a Group 3 entity can publish instead of a full AASB S2 climate statement, under s.296B(1) of the Corporations Act, when the directors determine on a documented basis that the entity has no material climate-related risks or opportunities for the year. It's shorter than a full statement, but it still needs a board resolution and an auditor's report.

Yes. The statement carries an auditor's report from an AUASB-registered assurance practitioner, the same as a full climate statement would — the exemption shortens what's disclosed, not the assurance requirement around it.

Your directors make that determination, and it has to be on a documented, reasonable basis — not a guess. We build the assessment that gives the board something real to base the decision on: your own physical and transition risk exposure, not a generic sector statement.

Concrete things: premises and asset locations exposed to weather or resource disruption, energy and fuel spend, supplier and customer concentration, any climate-related data requests already arriving from customers or lenders, and your NGER emissions position if you report under that scheme. We pull these together into the assessment file.

It doesn't automatically rule it out, but it's evidence the board has to weigh, not ignore. A live customer data request or a lender's climate questions are exactly the kind of signal a materiality assessment is meant to catch — we log these and put them in front of the board as part of the assessment.

The phase-in gives entities a three-year window of protection from private civil litigation over the substance of a climate disclosure made under a reasonable process, with ASIC as the primary enforcer during that period. The protection is tied to the process being real — a statement issued without a documented assessment behind it doesn't get the same benefit.

No. We prepare the assessment file, the draft statement and the evidence pack. Directors resolve and sign the statement, and it's lodged as part of the annual report through the same officeholder or registered-agent channel your existing financial reports go through.

The assessment becomes the starting point for a full AASB S2 readiness build rather than a short statement — that's the aasb-s2-readiness engagement. We flag this explicitly in the handoff so the board isn't caught by a bigger document arriving unannounced the following year.

No — the determination has to be genuine and evidence-based, and it's tested by an auditor's report every year the statement is used. A conclusion that isn't supported by the entity's own data doesn't hold up to that review, and repeating it despite mounting contrary evidence is exactly what the safe harbour doesn't protect.

An AUASB-registered assurance practitioner, the body accredited to provide assurance over Australian sustainability reporting. We can refer you to one if you don't already have an existing relationship through your auditor.