ARTICLE · 09 SEPTEMBER 2024

Modern Slavery And Forced Labour Risks

Moulis Legal

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Helping businesses comply with mandatory reporting obligations and prepare for new rules.

AustraliaCorporate/Commercial Law

DO YOU UNDERSTAND YOUR Reporting Requirements?

If you carry on a business in Australia, you may have to submit a Modern Slavery Statement covering the risks of modern slavery in your supply chain during your accounting year.

Under the Modern Slavery Act 2018, businesses with an annual consolidated revenue of AUD$100 million or more who are either

Australian entities at any time during the reporting period, or
foreign entities carrying on business in Australia at any time during the reporting period

must submit a Modern Slavery Statement to be made publicly available on Modern Slavery Register.

This includes individuals, partnerships, associations and other entities that meet the above criteria. Reporting obligations apply equally to commercial, non-commercial and not-for-profit organisations.

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