On 21 June, NSW Parliament passed the Modern Slavery (2018) Bill. A federal Bill is also in the House and should be passed shortly. Amongst other things, the NSW Bill focuses on supply chain transparency and corporate reporting requirements.
Organisations with over $50M turnover in a financial year will be required to prepare and publicly report a modern slavery statement which outlines the steps that the organisation has undertaken to ensure its goods and services are not a product of supply chains in which modern slavery is taking place.
AusLSA will be enhancing our Sustainability Reporting Tool in 2019 to allow our members to easily capture and report on this issue.