Australia Modern Slavery Act (Commonwealth Act)
Australia Modern Slavery Act (Commonwealth Act)
Applicable to: Australian entities or companies carrying out business in Australia with an annual consolidated revenue of AUD 100 million or more.
This includes: Australian entities companies, partnerships, trusts, universities and charities), entities carrying on business in Australia (irrespective of where they are incorporated), body corporate, Commonwealth corporations and companies.
The Australia Modern Slavery Act anticipates the companies in scope to report on the modern slavery risk in their operations and supply chain, as well as on the actions taken to mitigate any identified risk. Entities required to comply must prepare Modern Slavery Statements every reporting year. The Australian Government publishes these statements through an online, publicly accessible register.
The Modern Slavery Statement must must include the following information:
- Organization’s structure, its business and its supply chains
- Potential modern slavery risks
- Actions taken to address the risks
- How they assess the effectiveness of the actions