Slavery remains such an issue that a Modern Slavery Act will soon be introduced in Australia.
The legislation is expected to follow the UK blueprint which was enacted in 2015. Its focus will be to identify and address slavery in the supply chain of Australia’s largest private and public sector organisations. When the legislation commences, it is expected it will be mandatory for enterprises with revenue exceeding $50 million to report annually on the measures they have taken to ensure there is no slavery in their supply chains. These statements will require board level (or equivalent) approval.
All of Australia’s SMEs will be indirectly impacted by the legislation.
