Guidance for Reporting Entities on the Commonwealth Modern Slavery Act 2018

The Department of Home Affairs has published Guidance for Reporting Entities on the Commonwealth Modern Slavery Act 2018. Background.

The guidance sets out:

  • how to work out if your entity is required to comply with the reporting requirement;
  • how to voluntarily comply with the reporting requirement and whether your entity is eligible to do so;
  • how to determine when you will need to report;
  • how to draft your statement, including how to respond to each of the mandatory criteria;
  • how to publish your statement on the central register;
  • recommendations for working with your entity’s suppliers to assess and address modern slavery risks;
  • recommendations to help you respond to cases of modern slavery in Australia and overseas.

Whilst operations and procurement is the most obvious area of modern slavery risk, modern slavery is a risk financial service providers need to consider in your customers.

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