?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.title=Climate-Related+Financial+Disclosure+Consultation+Paper+Submission&rft.creator=Huggins%2C+Anna&rft.creator=Bellamy%2C+Lauren&rft.subject=climate-related+financial+disclosure&rft.subject=digital+by+design+regulation&rft.description=We+thank+the+Treasury+for+the+opportunity+to+make+a+submission+in+response+to+this+Consultation+Paper.+The+Consultation+Paper+raises+several+questions+for+consideration%2C+and+our+submission+responds+to+Question+5.+We+welcome+the+opportunity+to+make+comments+on+regulatory+design+choices+and+considerations%2C+focusing+particularly+on+our+recommendation+to+incorporate+%E2%80%98digital+by+design%E2%80%99+(%E2%80%98DBD%E2%80%99)+principles+into+the+design+of+a+new+climate-related+financial+disclosure+regulatory+framework+for+Australia.+%3Cbr%2F%3E%3Cbr%2F%3EWe+recognise+the+potential+advantages+of+adopting+mandatory+climate-related+financial+disclosure+obligations+for+certain+entities.+However%2C+we+are+concerned+about+the+ability+of+such+entities+to+comply+with+these+obligations+in+an+efficient+and+cost-effective+manner+if+key+concerns+surrounding+compliance+burdens+and+digital+implementation+remain+unaddressed.+Despite+rapid+digital+transformation+over+the+past+few+decades%2C+the+cost+of+administering+and+complying+with+regulatory+requirements+continues+to+place+a+significant+burden+on+Australian+businesses.+We+argue+that+Australia%E2%80%99s+regulatory+frameworks+should+evolve+to+incorporate+DBD+principles+in+order+to+reduce+compliance+burdens+and+promote+the+flexible+and+scalable+digital+implementation+of+climate-related+financial+disclosure+obligations.+%3Cbr%2F%3E%3Cbr%2F%3EIn+relation+to+Question+5%2C+we+make+the+following+points%3A%3Cbr%2F%3E1.+We+recommend+the+incorporation+of+DBD+principles+into+the+creation+of+a+new+regulatory+framework+for+climate-related+financial+disclosure+obligations%2C+in+alignment+with+the+Treasury+reform+principles.+%3Cbr%2F%3E2.+We+outline+specific+DBD+considerations+for+the+design+of+new+climate-related+financial+disclosure+regulation.%3Cbr%2F%3E&rft.date=2023-02-17&rft.type=Other+Contribution&rft.format=application%2Fvnd.openxmlformats-officedocument.wordprocessingml.document&rft.relation=https%3A%2F%2Feprints.qut.edu.au%2F238437%2F1%2FHuggins_Bellamy_CRFD_Submission.docx&rft.rights=free_to_read&rft.relation=Huggins%2C+Anna+%26+Bellamy%2C+Lauren+(2023)+Climate-Related+Financial+Disclosure+Consultation+Paper+Submission.&rft.relation=http%3A%2F%2Fpurl.org%2Fau-research%2Fgrants%2Farc%2FLP210301088&rft.id_number=https%3A%2F%2Feprints.qut.edu.au%2F238437%2F&rft.rights=Consult+author(s)+regarding+copyright+matters&rft.rights=This+work+is+covered+by+copyright.+Unless+the+document+is+being+made+available+under+a+Creative+Commons+Licence%2C+you+must+assume+that+re-use+is+limited+to+personal+use+and+that+permission+from+the+copyright+owner+must+be+obtained+for+all+other+uses.+If+the+document+is+available+under+a+Creative+Commons+License+(or+other+specified+license)+then+refer+to+the+Licence+for+details+of+permitted+re-use.+It+is+a+condition+of+access+that+users+recognise+and+abide+by+the+legal+requirements+associated+with+these+rights.+If+you+believe+that+this+work+infringes+copyright+please+provide+details+by+email+to+qut.copyright%40qut.edu.au&rft.identifier=Digital+Media+Research+Centre%3B+Faculty+of+Business+%26+Law%3B+School+of+Law%3B+Faculty+of+Creative+Industries%2C+Education+%26+Social+Justice