Finally released: Draft Guidance on the Modern Slavery Act 2018 (Cth)

As we reported earlier this week, after much anticipation the Draft Guidance (Guide) on the Modern Slavery Act (2018) (Cth) (Act) has been released.  

The Guide aims to clarify exactly what entities need to do to comply with the Act, providing some much needed guidance on the following key questions:

• do I need to report and can I report voluntarily?
• when do I report?
• how do I prepare a statement and then approve and publish it?
• can I prepare a joint statement?
• how do I work with suppliers to assess modern slavery in supply chains? 
• how do I respond to a case of modern slavery?

Guide overview 

The Guide sets out the key issues and concepts for entities to ensure compliance with the reporting requirements under the Act. The reporting requirements under the Act require certain large businesses and other entities (with an annual turnover of $100 million or more) to prepare annual Modern Slavery Statements (which will be publically available