The Australian Government has released for consultation an issues paper following the first three years of the Modern Slavery Act 2018 which commenced on 1 January 2019.
Among other things, the Act requires large businesses and other entities in Australia to report annually to the Australian Government on how they are addressing modern slavery risks in their domestic and global operations and supply chains. The reports are placed on an online public register, the Modern Slavery Statements Register.
Specific features of the Act that are being reviewed are
- the reporting entity threshold (A$100 million in annual consolidated revenue),
- reporting periods and deadlines,
- mandatory reporting criteria,
- enforcement mechanisms, and
- the option of establishing an independent Anti-Slavery Commissioner (or similar body) to oversee the implementation and enforcement of the Act.
If you found this article helpful, then subscribe to our news emails to keep up to date and look at our video courses for in-depth training. Use the search box at the top right of this page or the categories list on the right hand side of this page to check for other articles on the same or related matters.
Author: David Jacobson
Principal, Bright Corporate Law
Email:
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.
