Modern slavery – uncovering and preventing the risks in your supply chain
The Modern Slavery Act 2018 (Cth) commenced on 1 January 2019 and introduced mandatory reporting requirements for larger companies to address the risk of modern slavery in their operations and supply chains.
Although the Act’s mandatory reporting obligations only apply to organisations operating in Australia with annual revenues over $100 million – roughly 3,000 organisations – the Act’s impacts extend much further. If a business has any dealings with these large organisations, directly or through a third party, its own supply chain may come under scrutiny.
Due to the spread of the novel coronavirus, the Australian Border Force has announced extensions of time for businesses who are required to submit modern slavery statements this year. As we move closer to the reporting date, entities will need to consider the effect of factory shutdowns, order cancellations and supply chain disruptions on the vulnerable workers in their supply chains and operations.
Cooper Grace Ward’s webinar on modern slavery is timed to help organisations review the steps that need to be taken to comply with Australian modern slavery obligations, including the new challenges posed by the novel coronavirus.
In this webinar, partner Sam Adams and lawyer David Lee Lewes will address:
- common challenges confronting businesses both large and small as they adapt to the new Act
- the impacts of non-compliance including significant reputational impacts
- some of the key risks that are being uncovered in the supply chains of Australian businesses
- tips to ensure your organisation is complying with the Act as we approach the first reporting dates
- practical examples of the modern slavery risks facing Australian companies, including those resulting from the novel coronavirus.
This webinar is available to all audiences. No prior knowledge of the Modern Slavery Act or Australian law is required.
We hope you can join us.
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