It’s been over 12 months since the Commonwealth Modern Slavery laws commenced and for most organisations with a revenue of $100m plus, they will be well down the path of Modern Slavery compliance. These organisations will shortly be required to finalise and publish their Modern Slavery Statement.
To ensure organisations can provide meaningfully reporting on the actions they have taken to assess and address modern slavery risks, recognised expert Scott Alden says they should be:
- Reviewing existing current contracts, and drafting amendments in relation to the MSA
- Developing an on-boarding questionnaire, incorporating it as part of its standard procurement procedure, and using it as an assessment tool to assess modern slavery risks in suppliers; and
- Reviewing and developing a suite of policies.
Come and listen to Scott Alden, at our Victorian In-House Counsel Day where he will discuss the requirements of the legislation, and provide insight into the latest tips and trends to ensure you are prepared for required reporting. Scott will share case studies and spend Q&A time discussing the proposed future direction of the Act.
Regardless of whether you are part of a reporting entity, the Act is likely to impact you if you are part of the “entirety” of any reporting entity’s supply chain. The ethical and social impact of responsible trading are worth keeping abreast of also.
We will also have a Modern Slavery session at both the Western Australian and New South Wales In-House Counsel Days.
In the meantime, if you would like to read more about what you need to know about the Modern Slavery Act, please click here.
