Yesterday, the Modern Slavery Bill passed through both the Senate and the House of Representatives.
We should be proud that Australia is one of the few countries in the world to adopt a Modern Slavery Act.
The Act isn’t perfect, but it’s a good start. Organisations operating in Australia with a turnover in excess of $100 million will be required to report on the how they are addressing the risks of modern slavery in their supply chains, both domestically and internationally.
The NSW Parliament passed a Modern Slavery Act for the state earlier this year. Organisations operating in NSW with a turnover of $50 million to $100 million fall under the NSW Act. Organisations with a turnover in excess of $100 million fall under the federal Act.
We congratulate all the NGOs, individuals and groups that have worked tirelessly over the last few years to make this happen.
It is estimated that globally, there are 25 million people in forced labour, predominantly women and girls. This landmark legislation will work towards ending this criminal abuse of human rights.