LAW DETAILS
COUNTRY
Australia
CATEGORY
International Trade
LEGAL CODE TITLE
Modern Slavery Act 2018
LEGAL CODE REFERENCE
Act No. 153
REVISION DATE
December 10, 2018
LEGAL JURISDICTION
National / International
FACILITY APPLICABILITY
Brands and Retailers
LAW REQUIREMENT TYPE
Disclosure
FREQUENCY
Ongoing
SUMMARY OR KEY PROVISION OF THE LAW
On January 1, 2019, Australia’s Modern Slavery Act 2018(Act) came into force. The Act requires entities based, or operating in Australia, which have an annual consolidated revenue of more than AUD $100 million to report on the risks of modern slavery in their operations and supply chains and actions taken to address those risks in a modern slavery statement. The statement must also describe risks of modern slavery in the supply chain of a reporting entity (and its owned and controlled entities), as well as the steps it has taken to respond to the risks identified including due diligence and remediation processes. The Government of Australia has also released Guidance for Reporting Entities to explain in plain language what entities need to do to comply with the Act. (Source: US Department of Labor)
LEGAL CONSEQUENCES FOR NON-COMPLIANCE
The new anti-slavery legislation does not include any penalty provisions for entities that fail to comply with the MSA.
RECORD ID
Mosaic42PB9696
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