New Subparts 2, 3, and 5: to keep climate-related disclosure records, prepare and lodge climate statements—so climate-related entities will be required to prepare statements in according with climate standards issued by the External Reporting Board (XRB). Climate statements have to be lodged with the Registrar of Financial Service Providers within four months of the climate-related entity's (CRE's) balance date, and CREs also have to keep climate-related disclosure records and make them available for inspection. There's a new Subpart 7: climate-related contraventions are added to the Financial Markets Conduct Act's existing civil liability regime. That means that contraventions will attract pecuniary penalties not exceeding $1 million for individuals or $5 million in other cases.