Who does the Modern Slavery Act apply to?
The Australia Modern Slavery Act (2018) applies solely to business, requiring corporate disclosure of the steps businesses are taking to address and mitigate risk of modern slavery throughout their operations and supply chains. Applying to businesses with a consolidated annual turnover of over AUS$100 million, an estimated 3000 businesses will be required to report.
What does this guide do?
This guide outlines the requirements of the Act including who should report, the meaning of reporting and the mandatory content of statements. It sets out the key steps organisations should take.
Key practical questions for organisations to ask?
- Does your organisation have a global turnover equal to or more than AUS$100 million?
- Has the organisation in question mapped its supply chain and identified areas of risk?
- Does your organisation have a human rights policy? If so, does it contain a reference to human trafficking, forced labour, and/ or slavery?
- Has your organisation taken steps to embed the policies and develop processes?
How can Ardea support Australian business manage their compliance requirements?
Learn more about how you can take steps to combat the risk of modern slavery by: