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Modern Slavery Bill

Australia Current 2017

The law applies only to companies whose annual revenues exceed a threshold amount—A$100 million in the case of the Australian law, and £36 million for the British law. Qualifying companies must issue reports within six months of their fiscal year-end describing the structure of their supply chains, the risk of modern slavery practices therein, and the actions they are taking to assess and address those risks

Issuer name

Ministry of Foreign Affairs and Aid Subcommittee

More information

There are no penalties in the Australian law for non-compliance save for having the organization’s name appear on an official government list of scofflaws

Organizations covered by the instrument

All Companies

Industry scope

All/none specified

ESG coverage- S (Social)

Human Rights

ESG coverage- G (Governance)

Accountability, Anti-Corruption and Anti-Competitive Behaviour

ESG coverage- Eco (Economic & General)

Economic performance, Procurement and Supply Chain Management

Status

Current

Country

Australia

Region

Asia Pacific

Date of publication

2017

Issuer type

Governments (governmental department, agency)

Reporting requirements

Public law and regulation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

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