Modern slavery bill 2018 – what you need to know

The Modern Slavery Bill was introduced in Parliament on Thursday 28 June 2018 and is expected to be passed before the end of the year. If you haven’t read the Bill yet, we have compiled below our key takeaways.
Why a Modern Slavery Bill in Australia?

It is estimated that 40.3 million people were victims of modern slavery globally in 2016. Up to two-thirds of victims are believed to be in the Asia-Pacific region, where many Australian companies’ supply chains extend[1].

Who will need to report?

Entities with over AUD$100m global consolidated revenue, the Commonwealth, including corporates, and volunteer entities. It has been estimated that it will impacted 3,000 organisations directly.

Where do entities need to look?

The Bill is clear that entities need to look at their operations and their supply chains inside and outside of Australia.

What do entities need to report on?

Entities need to report on modern slavery risks in their operations and supply chains. These risks can include instances of human exploitation and control without the ability to leave because of coercion, mental and/or physical threat/abuse. It can take various forms, such as forced labour, debt bondage, human trafficking, and child labour.

Entities are required to submit an Annual Statement, signed by the Board, addressing:

  • Entity’s structure, operations and supply chains
  • Modern slavery risks present in the entity’s operations and supply chains
  • Policies & processes to address risks and their effectiveness
  • Due diligence and risk management processes and their effectiveness.
When do entities need to submit their first report?

The first report will be covering efforts made during entities’ 2019/2020 financial year or corresponding accounting period.

How do entities stamp out modern slavery?

Entities should start now to address the modern slavery risks in their operations and supply chain. Click here for our 5 steps approach to prepare for the Australian Modern Slavery Bill 2018.

In collaboration with our global team of experts, Deloitte Australia has created a Compliance Framework to help entities manage their modern slavery risks. For more information please contact

Partner Paul Dobson
Principal Dr Leeora Black

Suporting footnotes

[1]https://www.globalslaveryindex.org/findings/


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