• Home
  • News
    • Harris Scarfe sale raises questions about who knew what, when

    • Failure to comply: endemic underpayment

    • Charter Hall takes $840 million stake in BP sites

    • 7-Eleven class action hits snag

    • Australian dollar up

    • Winning to open new DC in Victoria following strong growth

  • PREMIUM
    • Castle Towers unveils $180m facelift

    • Shoes and Sox to launch biggest campaign in 32-year history

    • Crumpler tests the market with pop-up stores

    • Click-and-collect isn't a digital strategy, it's a customer experience initiative

    • Chasing new customers can be counterproductive

    • From the source: Susannah Khouzame, Billini

  • E-commerce
    • Why is pureplay online retail so rarely profitable?

    • The Iconic warehouse now capable of serving 50,000 customers per day

    • Bunnings' online marketplace to impact eBay

    • AirRobe wants to help luxury brands get into resale

    • It's time to reevaluate your performance advertising approach

    • The Iconic unveils ambitious sustainability targets

  • Property
    • Harris Scarfe sale raises questions about who knew what, when

    • Charter Hall takes $840 million stake in BP sites

    • Winning to open new DC in Victoria following strong growth

    • Taco Bell launches Melbourne store with world’s first "tram-thru"

    • Woolworths and Kmart headline retailers launching at M-City in Monash

    • Castle Towers unveils $180m facelift

  • Technology
    • The Iconic warehouse now capable of serving 50,000 customers per day

    • A useful guide for CEOs on how to make ethical decisions in business

    • Total recall: financial risk and ruin

    • AirRobe wants to help luxury brands get into resale

    • Tech and supplements dominate Amazon Australia's Black Friday

    • Keeping shoppers happy with loyalty data

  • Video
    • Retail Insights: Amy Lynes, Lush

    • Retail Insights: Anna Lee, The Iconic

    • Retail insights: Chau Banks, Revlon

    • Retail insights: Philip Corne, Louis Vuitton Australia

    • Penchant for portable payments fuels m-commerce spike

  • Podcasts
    • SPONSORED: Freshmax strategy bearing fruit

    • Pandora bets big on Melbourne

    • Learnings from earnings season

    • Bringing technology to the bedroom

    • Taking a piece of Australiana to the UK

    • Platform with purpose - engaging millennials

  • Directory
  • Shop
  • Contact
  • Academy
Log in

Welcome, please sign in, registration is free!

Social login

Please make sure your email is set as public in Facebook/LinkedIn in order to use our social login feature.

Email login

Lost password
×
Follow us
Subscribe

SUBSCRIBE FREE NEWS BRIEFS

Get breaking news delivered

Lost password
Follow us

Government publishes detailed guidance for Modern Slavery reporting

September 27, 2019
Heather McIlvaine

The Department of Home Affairs on Thursday released detailed guidance to assist businesses and organisations in complying with the new Modern Slavery Act.

The nearly 100-page document answers basic questions, including which entities are required to report under the new law, when they need to report, how to respond to each of the mandatory criteria set out in the Act and what modern slavery is.

Developed by the Department’s Modern Slavery Business Engagement Unit in consultation with businesses and civil society, the guidance comes nearly 10 months after the law took effect.

The Modern Slavery Act 2018, which was passed in November 2018, and took effect on January 1, 2019, requires large businesses and other entities in the Australian market with annual consolidated revenue of at least $100 million to report annually on the modern slavery risks in their supply chain, what they are doing to stamp out these risks and how they measure the effectiveness of these actions.

For companies, the reports must be approved by the board and signed by a director. All reports are made publicly available on a central website.

The law is estimated to impact around 3000 entities, including many retailers. The first reports are due at the end of each reporting entity’s first full financial year after January 1, 2019. For many Australian retailers, this means the end of June 2020.

Russell Zimmerman, executive director of the Australian Retailers Association, said the document made the new reporting requirement “a long way clearer” and advised retailers to take advantage of the guidance.

“From what I can see, it’s fairly detailed and does give some examples [of modern slavery risks]…the section on supply chain would be particularly relevant for retailers, ” he told Inside Retail.

An estimated 40 million people around the world are victims of modern slavery, which the Department of Home Affairs defines as situations where coercion, threats or deception are used to exploit victims and undermine or deprive them of their freedom.

Besides the impact on victims, modern slavery also can pose significant legal and reputational risks to entities, the Department says on its website.

Major retailers including Woolworths and Wesfarmers were early supporters of the push to enact Modern Slavery legislation in Australia.

Australia is the first country to release detailed guidance to assist organisations with identifying and combating modern slavery in their supply chains, according to Jason Wood, Assistant Minister for Customs, Community Safety and Multicultural Affairs.

“Australia is an international leader in combatting modern slavery and I look forward to working with businesses and civil society to take strong, meaningful action to address these issues,” Wood said.

Related posts:

  1. Over inflated valuations are holding us back
  2. How to fight Amazon
  3. Retailers set for more change & rising liability levels with new accounting standards
  4. Retail learnings from the vision and legacy of Apple
News, International, Suppliers, Featured, Sustainability
Modern Slavery
Previous Article
Next Article

Comments

Comment Manually Cancel reply

You must be logged in to post a comment.

Most Read

Harris Scarfe sale raises questions about who knew what, when

Taco Bell launches Melbourne store with world’s first “tram-thru”

David Jones returns to “the grand old dame of luxury retail”

Charter Hall takes $840 million stake in BP sites

7-Eleven class action hits snag

Harris Scarfe appoints administrators and receivers one month after acquisition

Winning to open new DC in Victoria following strong growth

Inside Retail Polls

How are your Christmas sales shaping up compared to 2018?
Vote

Twitter

Harris Scarfe has been put into administration and receivership just days after new owner Allegro Funds took effect… https://t.co/0yZVCtly6P

1 day ago

The finalists for the 2020 Retailer Awards have been announced. Here's our short list of the businesses providing t… https://t.co/NeO2iBW6iF

1 day ago

Taco Bell made a creative debut in Melbourne this week, treating customers to a world-first "tram-thru". #retail

2 days ago


All rights reserved © InsideRetail 2019

  • Advertise
  • Terms of Service
  • Privacy
  • About us
  • Contact
  • Login
Octomedia Pty Ltd
Internet Retailing
Franchise Business
Inside FMCG
Inside Small Business

All rights reserved © InsideRetail 2019

sponsored