NAT 023/19: Update on Modern Slavery Reporting Obligations affecting organisations and supply chains:

On 1 January 2019, the Modern Slavery Act 2018 (Cth) commenced, requiring large organisations with an annual consolidated revenue of at least $100 million, to report annually on the risks of modern slavery in their operations and supply chains. The Federal Government has now released its Guidance for Reporting Entities to assist organisations with their reporting.

Meanwhile, in New South Wales, a Parliamentary inquiry is underway into an Amendment Bill and draft regulations relating to the Modern Slavery Act 2018 (NSW). The NSW Act is not yet operative, with the NSW Government announcing that the commencement date will be determined following the Government’s consideration of, and response to, the Parliamentary inquiry’s recommendations.