How to Comply with the Commonwealth Modern Slavery Act 2018
Australian companies with annual revenues of more than $100 million need to prepare statements on how they are identifying and tackling the risks of modern slavery - which includes child labour and human trafficking - by March 2021.
Product managers have an emerging and essential strategic role in meeting modern slavery obligations. In this webinar, we unpack what is modern slavery and what product managers should look out for to take an assertive role in addressing and mitigating modern slavery risks in their product lifecycle.
View the webinar here. Skyjed Founder Leica Ison will show you how Skyjed's software platform can easily and cost effectively help you comply with the Commonwealth Modern Slavery Act.
Leica’s 20-minute presentation will be followed by a Q&A session.
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How companies benefit in relation to complying with current requirements for modern slavery monitoring.
- Reports that can support compulsory and voluntary Modern Slavery Statements produced by companies (in the form of statistics, actions taken and future planning frameworks)
- Team platform to track actions in reaching compliance (for executive management to report to the board and working committees to communicate amongst one another effectively when allocating/completing tasks).
- Register of all actions taken in becoming compliant
- Consolidated record of all suppliers and risk categories
- Report and evidence production for external and internal auditing purposes
- Completely customisable to suit the size and requirements of the company
Simplified outline of this Act
This Act requires entities based, or operating, in Australia, which have an annual consolidated revenue of more than $100 million, to report annually on the risks of modern slavery in their operations and supply chains, and actions to address those risks. Other entities based, or operating, in Australia may report voluntarily.
The Commonwealth is required to report on behalf of non‑corporate Commonwealth entities, and the reporting requirements also apply to Commonwealth corporate entities and companies with an annual consolidated revenue of more than $100 million.
Reports are kept by the Minister in a public repository known as the Modern Slavery Statements Register. Statements on the register may be accessed by the public, free of charge, on the internet.
