Group 3 is the third and final cohort under the Australian Sustainability Reporting Standards, reporting for financial years commencing on or after 1 July 2027. It captures the smallest entities brought into mandatory climate disclosure, sitting just above the large-proprietary-company test in the Corporations Act.
Group 3 entities have a lighter first-year pathway than Groups 1 and 2 but must still disclose climate-related governance and material climate risks, with Scope 1 and Scope 2 emissions reporting phased in. Determining Group 3 status early gives the longest possible runway to build the data and methodology an assurance provider will expect.
Entities meeting two of three size thresholds: revenue ≥ $50m, gross assets ≥ $25m, or ≥ 100 employees (the statutory large-proprietary-company floor).
For financial years commencing on or after 1 July 2027.
An entity meeting at least two of: revenue $50m, gross assets $25m, 100 employees.
Climate-related governance and material climate risks, with Scope 1 and Scope 2 emissions reporting phased in. Group 3 has a lighter first-year pathway than Groups 1 and 2.
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Source: aasb.gov.au · Verified 2026-05-07. Indicative only — not legal or accounting advice.