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ARTICLE · 04 JUNE 2018

Five On Friday – Five Recent Developments That We've Been Watching Closely - June 1, 2018

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It's Friday and time for another overview of developments in the field of business and human rights that we've been monitoring.

GlobalGovernment, Public Sector
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It's Friday and time for another overview of developments in the field of business and human rights that we've been monitoring.

This week's post includes: new insights into the proposed Australia Modern Slavery Act; a new Withhold Release Order prohibiting the import of products produced with Turkmenistan cotton; and the launch of the Investor Alliance for Human Rights.

  • On May 9, the Government of Australia released a fact sheet with respect to its proposed Modern Slavery Act. The Government has announced that it will introduce the legislation to Parliament in mid-2018 and that the legislation, consistent with the U.K. Modern Slavery Act and the California Transparency in Supply Chains Act, will establish a reporting requirement for companies. The fact sheet states that the reporting requirement will: be applicable to a broad range of companies, including foreign companies doing business in Australia; and will have a reporting threshold of $100 million

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