Strengthening Modern Slavery Responses: 2023 Key Takeaways from Australia’s Modern Slavery Review
The enactment of the Modern Slavery Act 2018 (Cth) took effect on January 1, 2019. This legislation mandates that larger corporations and other entities operating in Australia must provide information about their efforts to prevent and deal with the potential for modern slavery in their operations and supply networks. The Act’s performance and adherence to regulations during […]
Modern slavery reporting 101: The guide every Australian business needs
What is Modern Slavery? Modern slavery describes serious exploitation and use of coercion, threats or deception to undermine a person’s freedom. This includes human trafficking, slavery, servitude, forced marriage, forced labour, debt bondage, the worst forms of child labour, and deceptive recruiting for labour or services. Modern slavery is a current issue – with victims of modern […]
Research shows companies are failing to comply with modern slavery reporting requirements
Modern slavery reporting shouldn’t be a “tick the box” exercise, but new research from the Australian Council of Superannuation Investors confirms our concerns at Safetrac that many companies are failing to comply with disclosure requirements. The research found that 151 of the top ASX 200 companies examined were following a “race to the middle” approach […]
The current state of Modern Slavery: Fear and Greed’s podcast with Safetrac CEO
Modern slavery is historically thought to be exclusive to developing countries, involving forced labor with no freedom. However, nearly 4.3 per cent of Australia’s population are vulnerable to its practices. Since the Modern Slavery Act of 2018 was established, Australian companies are required to examine and report on their suppliers to ensure that slavery is eradicated, and therefor play a positive part in the international […]