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For Michelle and Clay, adoption out of foster care was the best option for expanding their family. The couple had three children and several miscarriages, but still felt they had love to give a child. 

“I felt like we should name her Lilly before we ever knew she existed. I thought that’s what we would name her and Clay made fun of the name. ‘Oh, what do we call her Lilypad? Ha,ha,ha,'” Michelle mimicked her husband with a laugh. “So then I got a call from social services and they said, ‘We’ve got a child we’d like you to consider. Her name is Lilly.'”

“It was really like a family decision. It was exciting,” said Makayla, Michelle and Clay’s oldest daughter. She was 11 years old when Lilly came to the family. 

“Lilly’s abuse was so severe that the parental rights were terminated very quickly. She was hurt when she was 5 months old,” Michelle explained.

“Going from her not really responding to us at all to then she was finally responding to us, it was really neat,” Makayla recalled. 

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CBS


Makayla spent years go to Lilly’s therapy appointments and learning how to care for her. The experience shaped Makayla’s future. 

“I don’t think I would have been a special education teacher without that and had the patience with kids that I do. I can be so patient with kids,” she told CBS News Colorado. 

Lilly is 15 now. She goes to high school. 

When asked if she likes school, Lilly replied, “Yep, except when we have fire drills. Those are the worst.” 

“It changed my outlook on kids and what they can do,” Makayla said.

Growing up with Lilly had a profound impact on Makayla. When it came time for her to have a family of her own, she also considered adoption.

“There’s just so many kids out there that need good homes,” she said.

LINK: A Day for Wednesday’s Child

CBS Colorado has been partners with Raise the Future for nearly 40 years. Join CBS Colorado for a day of fundraising and awareness during A Day for Wednesday’s Child on Wednesday, April 16, 2025.



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ASIC has published Regulatory Guide 280 Sustainability Reporting, which provides guidance on ASIC’s role in administering the requirements for climate-related financial disclosures under the Corporations Act.

The guide discusses who must prepare sustainability reports, the content required, the interaction between sustainability reporting requirements and other reporting obligations and disclosures and ASIC’s administration of the reporting requirements. Background.

The new requirements commenced for the largest corporate entities for financial years beginning on or after 1 January 2025 and will gradually apply to other large companies and financial institutions over time.

ASIC says it will take a pragmatic and proportionate approach to supervision and enforcement as industry adjusts to the new requirements, including considering and deciding any applications for relief from one or more of the sustainability reporting requirements.

From 2026, in administering the sustainability reporting requirements, if ASIC considers that a statement made by an entity in a sustainability report is incorrect, incomplete or misleading, ASIC may direct the entity to:

  • confirm that the statement is correct or complete;
  • explain the statement;
  • provide information or documents that substantiate or support the statement;
  • correct, complete or amend the statement; and/or
  • publish the corrected, completed or amended statement, or give the statement to specified persons, in accordance with the direction.

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David Jacobson

Author: David Jacobson
Principal, Bright Corporate Law
Email: djacobson@brightlaw.com.au
About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.

The post ASIC sustainability reporting guide appeared first on Bright Law.



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