The Modern Slavery Act 2018 (Cth) requirements are now
in full swing. Companies with reporting obligations will need to be
ready to report their modern slavery risks to the Modern Slavery
Statements Register in late 2020. This article covers the
essentials of the new modern slavery reporting requirements, with
some practical tips and guidelines to assist with
compliance.
BACKGROUND
Modern slavery may be relatively uncommon in Australia, but it
is estimated that there are over 40 million people in modern
slavery conditions worldwide.
Over 50% of the victims of modern slavery are
in the Asia-Pacific region, an important location for many
Australian supply chains.
The predominant supply chain capabilities in the Asia-Pacific
region include textiles, digital capabilities, financial and
operational processes, electronics, manufacturing, and metals and
minerals processing.
