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Modern Slavery Act 2018

Anti-Slavery Australia welcomes the passage of the Modern Slavery Act 2018 (Cth).  The Modern Slavery Bill 2018 was passed in both houses of Parliament on 29 November 2018.

The Act creates a reporting requirement for large businesses and other entities carrying on business in Australia with a minimum annual consolidated revenue of $100 million to report publicly on the actions they have taken to address modern slavery risks in their operations and supply chains.

Within 6 months of the end of their financial year, reporting entities must submit a ‘modern slavery statement’ to the Minister for Home Affairs which details the following:

  1. the identity of the reporting entity;
  2. the structure, operations and supply chains of the reporting entity;
  3. the risks of modern slavery practices in the operations and supply chains of the reporting entity, and any entities that the reporting entity owns or controls;
  4. the actions taken by the reporting entity and any entity that the reporting entity owns or controls, to asses and address those risks;
  5. how the reporting entity assesses the effectiveness of such actions;
  6. the process of consultation with any entities the reporting entity owns or controls or is issuing a joint modern slavery statement with; and
any other information that the reporting entity, or the entity giving the statement, considers relevant.



Anti-Slavery Australia has been active in advocating for the introduction of modern slavery legislation. Anti-Slavery Australia’s submission to the Joint Standing Committee on Foreign Affairs Defence and Trade Inquiry into establishing a Modern Slavery Act in Australia can be accessed here. Anti-Slavery Australia’s comments on the Modern Slavery Bill 2018 (Cth) can be accessed here.

The Act received royal assent this week. The exact commencement date for reporting obligations will either be declared by proclamation or will be 10 June 2019.

The Act marks a significant step towards ensuring transparency in supply chains, improving identification of modern slavery risks and protecting and supporting victims.



 

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Anti-Slavery Australia, University of Technology Sydney
Email: antislavery@uts.edu.au
Phone: +61-2-9514 9660

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