Does Your Business Need To Give A Modern Slavery Statement?

Modern slavery can taint the supply chain of any Australian business. To mitigate this risk, the Modern Slavery Act 2018 requires certain entities and encourages others to give annual modern slavery statements to the Commonwealth Attorney-General’s Department.

Modern slavery reporting requirements under the Modern Slavery Act have been in place since 2019, and thousands of statements are now lodged across Australia each year.

Yet many businesses remain unsure whether they are required to report, what their statement must include, and what the consequences of non-compliance look like.

With proposed reforms potentially lowering the reporting threshold and introducing financial penalties for the first time, there has never been a better time to understand your obligations.