With increasing pressure from consumers, the Australian
Government has now announced that it proposes to introduce
legislation requiring large businesses to report annually on
actions taken to address modern slavery.
Following the release this month of the Modern Slavery in Supply
Reporting Requirement Chains Public Consultation Paper, businesses
which are likely to be affected by any "Modern Slavery in
Supply Chains Reporting Requirement" may begin preparing for
the increased transparency requirements.
The Proposed Reporting Requirement
While subject to public consultation, the Federal Government has
proposed that the reporting requirement will likely apply to
businesses which are headquartered in Australia or entities that
have part of their operations in Australia with the reporting
threshold to be set no lower than an annual turnover $100 million.
It is proposed that entity be defined broadly to include a range of
entity types, and therefore any organisation
