Modern slavery statements see new era of business transparency
27 November 2020
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The first tranche of statements made under the Act have now been published online, marking a new era of business transparency and a vital step forward for Australia’s efforts to eradicate modern slavery in our supply chains.
Assistant Minister for Customs, Community Safety and Multicultural Affairs, the Hon Jason Wood, said the statements published today show how the legislation is driving business action to combat modern slavery across some of our biggest businesses and household names.
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The Act applies to large businesses and other entities with an annual consolidated revenue of more than $100 million. Deadlines for submission of the first statements under the Act are between December 2020 and June 2021, with the Australian Border Force (ABF) expecting thousands more statements to be published over the next six months.
All published statements are available online through the ABF Online Register.
The ABF has published additional guidance notes on the online register highlighting good practice trends and areas for improvement based on the published statements.