MODERN SLAVERY REPORTING REQUIREMENTS

The Commonwealth Modern Slavery Act 2018 (MSA) entered into force on 1 January 2019.

The MSA has established a national Modern Slavery Reporting Requirement (reporting requirement) aiming to support Australian businesses to respond to modern slavery and increase information available to consumers and investors by providing a practical, risk-based framework for transparency.

Reporting entities are required to publish annual Modern Slavery Statements detailing their actions to address modern slavery.

This will increase business awareness of modern slavery, reduce modern slavery risks in Australian goods and services, and drive a business 'race to the top' to improve workplace standards and practices. 

FURTHER DETAIL

As outlined in the official FACT SHEET prepared by the Department of Home Affairs, key features of the reporting requirement include:

• Application to a broad range of entities

• Coverage of the Australian Government

• Reporting on all modern slavery practices 

• A Government-run, public central repositor

• Mandatory reporting criteria 

• A reporting threshold of $100 million annual consolidated revenue

• Support and assistance for reporting entities

• Clear and comprehensive guidance for business

• Commitment to a review of the reporting requirement and its effectivenes

FREE WEBINAR

Freight & Trade Alliance (FTA) in partnership with the Department of Home Affairs are hosting a webinar at 12:00 AEST on Wednesday 15 May 2019 examing the key features of the reporting requirement - we encourage participation from 

• FTA members and clients; and

• Australian Peak Shippers Association (APSA) members 

For further information about the reporting requirements, please contact slavery.consultations@homeaffairs.gov.au

Paul Zalai - FTA / APSA