The Modern Slavery Act 2018 (Cth) (the ‘Act’) requires reporting entities (and those that report voluntarily) to lodge a ’modern slavery statement’ prompting the identification of modern slavery risks in their organisation and supply chains.
Did your organisation, or related entities, carry out business in Australia within the reporting period?
Does your organisation have annual consolidated revenue of $100M (AUD) or more?
If so, yes you MUST lodge a modern slavery statement. If not, while you are not required to formulate and lodge a modern slavery statement for a reporting period, it is likely your organisation is in the supply chains of organisations that are required to lodge. Due to the Act requiring reporting entities to investigate their organisation and supply chains, the compliance obligations of reporting entities will be pushed down supply chains prompting non-reporting organisations to incorporate similar compliance measures.
Cowell Clarke’s experienced team assists in formulating strategies, processes and procedures to support organisations in their modern slavery compliance as well as achieve strategic objectives in the broader environmental, social and governance (ESG) landscape.
