The Law Council considers that the Government’s proposal, Attorney- General Department’s “Modern Slavery in Supply Chains Reporting Requirement: Public Consultation Paper and Regulation Impact Statement”, requires two important changes if it is to achieve its objective of identifying and addressing modern slavery in supply chains. First, the revenue threshold for entities required to report should be lowered from $100 million, to an amount no higher than $60 million. This would promote consistency with the UK MSA. Second, the Law Council recommends that penalties for non-compliance with the reporting requirements be introduced. The Law Council considers that without penalties, a mandatory reporting requirement is rendered merely aspirational, as there is no enforcement mechanism, nor any consequence for non-compliance. In any case, the legislation should still include appropriate compliance drivers. For example, the Government could consider making it a term of Government contracts that any reporting entity with whom the Government contracts is required to have submitted all relevant Modern Slavery Statements, and publishing a list of non-compliant entities after the deadline for reporting has elapsed.
FacebookTwitterLinkedInGoogle+Email
Modern Slavery in Supply Chains Reporting Requirement DOWNLOAD

post

page

attachment

revision

nav_menu_item

custom_css

customize_changeset

oembed_cache

user_request

wp_block

acf-field-group

acf-field

wpephpcompat_jobs

ai1ec_event

Collaborating for freedom: anti-slavery partnerships in the UK
GuidancePublications

Multi-agency partnership working is often highlighted as an essential aspect of the UK public policy response to modern slavery. The Home Office’s (2014) Modern Slavery Strategy emphasises that effective partnership work is ‘crucial’ and must ...Read More

Still Overlooked: Communities affected by jade mining operations in Myanmar, and the responsibilities of companies providing machinery.
Guidance

Myanmar is a high-risk environment from a business and human rights perspective. Pockets of the country constitute some of the most complex environments in the world; one example is the mineral rich Kachin state in the northern part of the country, ...Read More

The Future of Work
Guidance

Too many conversations about the future of work ask how corporations and highly educated elites can take advantage of new economic opportunities. But we shouldn't just be talking about who gets to design the next generation of robots. We should als...Read More

Human Rights Impact Assessment: Guidance and Toolbox
Guidance

The purpose of this Guidance and Toolbox is to provide those who are involved in conducting, commissioning, reviewing or monitoring Human Rights Impact Assessments (HRIA) of business projects and activities with guidance and practical tools; with th...Read More

TAGS: