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ARTICLE · 12 DECEMBER 2018

Commonwealth Modern Slavery Bill passes parliament

Holding Redlich
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The new Act introduces a new reporting system to prevent modern slavery and to increase transparency in supply chains.

AustraliaGovernment, Public Sector

After a hotly debated parliamentary process, the Modern Slavery Bill 2018 (Cth) has passed both houses of parliament and now awaits royal assent as the final step to its enactment.

As previously reported here, similar to the NSW legislation, the Modern Slavery Act 2018 (Cth) (the Act) will require entities in Australia which have an annual consolidated revenue of more than $100 million to report annually on the risks of modern slavery in their operations and supply chains, and describe their actions to address those risks.

The Act now brings Australia into line with the UK (where modern slavery legislation came into force in 2015) and reflects growing awareness for the need to address modern slavery both domestically and internationally.

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