Preparing for Modern Slavery Reporting

On 1 January 2019, the Modern Slavery Act 2018 (Cth) commenced and introduced a modern slavery reporting requirement on organisations with an annual consolidated revenue of $100 million or more. Entities required to comply with the reporting requirement must prepare annual Modern Slavery Statements setting out their actions to assess and address modern slavery risks in their operations and supply chains. These statements will be made publicly available through an online central register.

To assist companies in preparing for reporting, the Commonwealth Government intends to release detailed Guidance Materials for Reporting Entities. A draft of these Guidance Materials for Reporting Entities is available and open for public consultation until mid-May 2019. You can access a copy of the guidance on the Department of Home Affairs (Home Affairs) website. It is intended that the Draft Guidance Materials for Reporting Entities will be finalised by the end of June 2019.

Ai Group intends to make a submission about the Draft Guidance Material. Feedback about the Draft Guidance Materials may be made directly to the Modern Slavery Business Engagement Unit at slavery.consultations@homeaffairs.gov.au or directed to Ai Group’s National Manager – Workplace Relations Policy, Nicola Street: nicola.street@aigroup.com.au. Companies requiring further advice on modern slavery reporting, should also contact Nicola.

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