IIA-Australia Factsheet - Modern Slavery

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Author	IIA-Australia
Date	2022
Topics Explored	Governance
Format	Factsheet
Extract/Description	Modern slavery involves use of coercion, threats or deception to exploit victims and undermine their freedom. Modern slavery is serious exploitation. It may exist in business operations and supply chains and is a violation of human rights.
Key Points	The ‘Modern Slavery Act 2018’ came into force in Australia on 1 January 2019. Organisations based or operating in Australia with an annual consolidated revenue of more than $100 million are required to report annually on the risks of modern slavery in their operations and supply chains, and on their actions to address those risks.
Relevant Industries	All
Level of Assumed Knowledge	Expert