17 September 2018

Assistant Minister for Home Affairs, Senator Linda Reynolds, has welcomed the passage of the Modern Slavery Bill 2018 through the House of Representatives.

The reporting requirement established through the Bill will see more than 3000 businesses and other entities publish annual public statements.

The reporting requirements apply to all entities in the Australian market with over [AUD]$100 million in annual consolidated revenue will need to be transparent about the risks to their operations and supply chains, and the actions they are taking to address these threats.

..."The Bill will also have an impact internationally, as businesses operating in Australia will compete to improve workplace standards and practices through their overseas supply chains," she said.

...If the Modern Slavery Bill 2018 is successful in the Senate, affected entities will make their statements available to the public via a Government-administered public register no later than six months after their annual reporting period.