Australia: Modern Slavery bill passed by New South Wales state Parliament
A private member's bill has been passed by the New South Wales state Parliament which includes mandatory reporting on modern slavery by companies.
The NSW bill differs from the proposed federal Modern Slavery Act in several key ways:
- a lower threshold for reporting applies under the NSW bill - AUD$50 million total annual turnover, compared with AUD$100 million under the federal proposals;
- penalties apply for failure to prepare a modern slavery statement;
- penalties apply for failing to make a modern slavery statement public in accordance with the regulations;
- penalties apply for knowingly providing false and misleading information in a modern slavery statement; and
- it provides for the appointment of a state-level independent Anti-Slavery Commissioner.
Documents and transcripts accessible here.