Australia is the first country globally to prepare detailed guidance for business about combatting modern slavery in their supply chains and operations.
The Commonwealth Modern Slavery Act is now in operation, requiring businesses with a consolidated revenue in excess of $100 million to identify and address their modern slavery risks, and maintain responsible and transparent supply chains.
Entities required to comply with the Reporting Requirement must prepare annual Modern Slavery Statements, setting out the reporting entity’s actions to assess and address modern slavery risks in their global operations and supply chains. The Australian Government will make these statements publicly available through an online central register.
In a world-first, the Australian Government will also comply with the Reporting Requirement.
As required by the Act, the Australian Government will prepare annual statements about potential modern slavery risks in government procurement and investments.
The Modern Slavery Business Engagement Unit, in the Dept of Home Affairs Portfolio, is responsible for implementing the Act. Resources can be found here.