Order For Legal Services

Written by Claude Haiku 4.5 from the extracted text on 28 Feb 2026. It can miss or misread redacted and scanned pages. Check the source before relying on it.

The Australian Office of Financial Management engaged King and Wood Mallesons for legal advice on the Green Bond Program from 1 January to 31 March 2025, with discretionary extension to 30 June 2025. The engagement addresses regulatory risks to the program following ASIC's two-year class no-action position on Second Party Opinion (SPO) providers, which expires and does not cover retail offerings. The work comprises three items: analysing whether Sustainability's SPO meets the definition of financial advice under the Corporations Act 2001; assessing whether the government's allocation and impact reporting on Green Treasury Bonds constitutes financial advice; and a third unspecified item. Context includes the government's commitment to offering exchange-traded Green Treasury Bonds to retail investors in 2025, ANAO audit of allocation reporting, and ISS Corporate Solutions review of impact reporting, with first reporting due early 2025.