How well do you know your supply chain?

Recent reports reveal that on any given day, at least 49.6 million people live in situations of modern slavery. In May this year, the Federal Government passed legislation which establishes Australia's first federal Anti-Slavery Commissioner. This is the initial step in implementing a series of reforms recommended by a report issued by the Attorney-General's Department (Report).

Currently, under the Modern Slavery Act, companies with a consolidated revenue of $100 million or more must upload an annual "modern slavery statement" to the Modern Slavery Statements Register within 6 months of the end of the entity's financial year.

The annual statement must include information on the following (among other things):