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Sunil Rao

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Australia’s Modern Slavery Act now in force

By and 2 Mins Read

Australia’s Modern Slavery Act came into force on 1 January 20191..  This Act establishes a modern slavery reporting requirement.  Australian entities and foreign entities carrying on business in Australia are required to submit Modern Slavery Statements specifying the actions they have taken to address modern slavery risks in their operations and supply chains.  Statements must be provided for every twelve-month period that the reporting entity has annual revenue of at least AUS $100 million. Modern…

Senate passes Modern Slavery Bill

By and 9 Mins Read

On 28 November 2018, the Senate passed the Modern Slavery Bill with amendments.  This landmark legislation requires certain business entities to disclose on an annual basis the actions they have taken to address modern slavery (exploitation such as slavery, forced labour and human trafficking) in their operations and supply chains. The Government’s amendments to establish a non-punitive mechanism for non-compliance, strengthen oversight, and provide a pathway for the introduction of future penalties were agreed to. …

Modern Slavery Bill 2018: Government moves – a little – on non-compliance

By and 4 Mins Read

The Modern Slavery Bill 2018 aims to establish a modern slavery reporting requirement to strengthen Australia’s approach to combating modern slavery.  Under the Bill, entities with $100 million annual consolidated revenue must prepare a ‘modern slavery statement’ each financial year.  The modern slavery statement must identify the reporting entity and describe: its structure, operations and supply chains; the risks of modern slavery practices in its operations and supply chains, and those of any entities that…

Implications for Australian businesses following release of landmark modern slavery and supply chains report

By 7 Mins Read

The Parliamentary Committee inquiring into whether a Modern Slavery Act should be introduced in Australia has now released its final report. The Committee heard that Australian business supply chains are closely linked with countries and businesses in the Asia-Pacific region, and many products sourced from that region are at high risk of being produced by modern slavery (that is, serious exploitation such as slavery, forced labour and human trafficking), particularly at lower tiers of supply…