Environmental Compliance Checklist for Accounting & Finance
A checklist for reviewing compliance with environmental regulations covering waste management, emissions, resource use, and environmental reporting obligations.
Built with ASIC regulatory requirements, AML/CTF compliance, Tax Practitioners Board obligations, and APES standards in mind.
Complete Checklist
- 1Review all environmental licences and permits for current validityCritical
- 2Assess waste management practices against regulatory requirementsCritical
- 3Verify that waste disposal contractors hold the required licences
- 4Review hazardous waste storage, handling, and disposal procedures
- 5Check water usage and discharge practices against any licence conditions
- 6Monitor and record any emissions or discharges as required by permits
- 7Review energy usage and identify opportunities for efficiency improvements
- 8Check that noise levels comply with local council and EPA requirements
- 9Verify that chemical storage meets all applicable standards and regulations
- 10Review spill prevention and response procedures and equipmentCritical
- 11Confirm that environmental monitoring and reporting obligations are met
- 12Assess compliance with any National Pollutant Inventory reporting requirements
- 13Review recycling practices and diversion rates from landfill
- 14Check compliance with any sustainability commitments or certifications held
- 15Working paper the compliance review results and action any identified non-conformancesCritical
Frequently Asked Questions
How can small businesses reduce their environmental compliance burden?
Start by understanding which regulations actually apply to your business. Implement simple waste segregation and recycling practices. Maintain Safety Data Sheets for all chemicals. Keep disposal records and use licensed waste contractors. Monitor energy and water usage for efficiency gains that also save money. Join your industry association, which often provides environmental compliance guidance and templates.
What are the penalties for environmental non-compliance?
Penalties range from infringement notices and clean-up orders for minor breaches to significant fines and criminal prosecution for serious offences. Maximum penalties for corporations can exceed one million dollars per offence, with daily penalties for ongoing breaches. Directors and officers can also face personal liability. Prevention and early self-reporting of incidents generally result in better regulatory outcomes.
What environmental regulations apply to Australian businesses?
Environmental regulation in Australia operates at all levels of government. Federal laws include the EPBC Act for nationally significant matters. State and territory EPA laws govern pollution, waste, and noise. Local councils manage local environmental issues. The specific requirements depend on your industry, location, and the nature of your operations. Consult your state EPA for guidance specific to your business.
Need help implementing these checks into your daily operations?
Our team can build custom checklists integrated into your daily operations workflow.