What’s it about?
The Modern Slavery Act 2018 (Cth) (Commonwealth
Modern Slavery Act) is a new piece of legislation designed
to require medium to large companies (and government entities)
doing business in Australia to take active steps to ensure that
their operations and supply chains do not employ the use of slave
labour.
When does it come into effect?
The Commonwealth Modern Slavery Act fully came into effect on
1 January 2019.
Who does it apply to?
The new legislation applies to the following entities:
-
entities which have a consolidated revenue (eg. where
companies are part of a group of companies, a combined revenue) of
at least $100 million per financial year and the entity either:
-
is an Australian entity (eg. incorporated in Australia or an
Australian resident for tax purposes); or
