- The reporting periods for captured entities begin from 1 July 2019
- The Department of Home Affairs will release draft guidance shortly and entities are encouraged to start the process now
- NSW members – have your say on the NSW Modern Slavery Act regulations
The Commonwealth Modern Slavery Act 2018 (The Act) was passed by Parliament in November 2018 and requires all entities operating in Australia with a consolidated turnover of over $100m to produce an annual modern slavery statement.
The Commonwealth Act requires reporting entities to prepare annual statements on their first full reporting period after 1 January 2019.
The first reporting period for entities operating on an Australian financial year will be 1 July 2019 to 30 June 2020.
Calendar year reporting entities will produce reports for the period 1 January 2020 to 31 December 2020.
Reports must be submitted to the minister within 6 months after the end of the reporting period which means the first modern slavery statements will be seen in December 2020.
Australian entities or entities that carry on business in Australia that are not captured by the reporting threshold can also produce voluntary modern slavery statements under the Commonwealth Act.
The Department of Home Affairs (The Department) is currently developing guidance which will be released for public consultation shortly. The Department is able to provide general policy advice and support to assist you to understand how the Act applies to your entity and what you need to do to apply. If you require initial assistance, please contact the Department of Home Affairs at email@example.com
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