{"id":225711,"date":"2017-07-04T16:22:00","date_gmt":"2017-07-04T20:22:00","guid":{"rendered":"http:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/uncategorized\/supply-chain-transparency-and-australias-closer-look-at-modern-slavery-laws-lexology-registration.php"},"modified":"2017-07-04T16:22:00","modified_gmt":"2017-07-04T20:22:00","slug":"supply-chain-transparency-and-australias-closer-look-at-modern-slavery-laws-lexology-registration","status":"publish","type":"post","link":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wage-slavery\/supply-chain-transparency-and-australias-closer-look-at-modern-slavery-laws-lexology-registration.php","title":{"rendered":"Supply Chain Transparency and Australia&#8217;s Closer Look at Modern Slavery Laws &#8211; Lexology (registration)"},"content":{"rendered":"<p><p>    Australia is considering whether to adopt modern slavery    legislation, similar to that found in the (United Kingdom) (UK)    and California . Modern slavery has been identified as    including slavery,  <\/p>\n<p>    forced labour and wage exploitation, involuntary servitude,    debt bondage, human trafficking, forced marriage and other    slavery-like exploitation occurring today.  <\/p>\n<p>    A current federal parliamentary Committee inquiry into the    matter has received strong interest from a broad group    including retailers, financial institutions, governments,    not-for-profit organisations, universities, law firms,    individuals and other interested parties. Supply chain    transparency is a key area of focus for the inquiry, including    requirements for relevant parties to report that their global    supply chains are free of slavery and human trafficking.  <\/p>\n<p>    Prior inquiries on modern slavery  <\/p>\n<p>    This is not the first time Australia has contemplated modern    slavery, as the Joint Standing Committee on Foreign Affairs,    Defence and Trade undertook an     inquiry on the subject in 2012\/13. On that occasion, the    Committees terms of reference were slavery, slavery like    conditions and people trafficking, with a focus on Australia    efforts to address people trafficking, ways to encourage    international action on the matter, and international best    practices. That Committee issued its report Trading Lives:    Modern Day Human Trafficking in 2013.  <\/p>\n<p>    UK Modern Slavery Act 2015  <\/p>\n<p>    The UK introduced the Modern Slavery Act of 2015, which is    generally considered to be a ground-breaking and comprehensive    development in this area (and is endorsed in many submissions    to the current Australian inquiry). Although many parts of the    UKs Modern Slavery Act involved a combination of existing    separate criminal legislation for offences including human    trafficking and slavery, the Act introduced a new requirement    requiring certain companies to publish an annual statement of    the steps taken to eliminate the risks of modern slavery within    their business and supply chains.  <\/p>\n<p>    Scope of new Australian inquiry  <\/p>\n<p>    The enactment of the UK legislation appears to have influenced    the Australian Attorney-General, who has asked the Joint    Standing Committee on Foreign Affairs, Defence and Trade to        conduct an inquiry in the establishment of an Australian    version, having regard to the findings of the Committee in    2012\/13.  <\/p>\n<p>    This new Australian inquiry will consider a broader range of    issues compared to the earlier inquiry, including:  <\/p>\n<p>    The inquiry will also consider which provisions in the UK    legislation have proven effective in addressing modern slavery,    whether similar or improved measures should be introduced in    Australia, and whether Australia should have its own Modern    Slavery Act. To date, the Committee has received 185    submissions. A hearing was held in Canberra on 30 May 2017    attended by Kevin Hyland, the United Kingdom Independent    Anti-Slavery Commissioner, with further hearings to follow.  <\/p>\n<p>    Supply chain transparency  <\/p>\n<p>    Elements of the UK legislation the Committee is focusing on for    adopting in Australia include the UK requirement for businesses    and organisations to report on how they ensure their global    supply chains are free of slavery and human trafficking.  <\/p>\n<p>    The UK legislation requires certain commercial organisations to    publish an annual statement which either provides information    on:  <\/p>\n<p>    The statement must be published on the organisations website,    or where an organisation does not have a website, provided in    writing upon request. The provision targets larger corporations    based in the UK as set forth in the definition of commercial    organization.  <\/p>\n<p>    The format and content of the statement is not mandated but the    legislation makes suggestions for content such as, among other    things, the organisational structure, business and supply    chains, the policies relating to slavery and human trafficking,    risks and steps taken to manage the risk for slavery and    trafficking.  <\/p>\n<p>    The statement must be approved by the Board of Directors and    signed by a Director. There is no strict timeline to publish    the statement but the guidance published with the legislation    recommends that the statement is published as soon as    reasonably practicable after a companys year end, and ideally    within 6 months.  <\/p>\n<p>    Interestingly, there is no financial sanction imposed on a    company for failing to publish a statement. However, some    organisations may be concerned about negative publicity if they    fail to publish, and there is currently some lobbying in the UK    to introduce stricter sanctions in order to drive compliance.    We will be closely watching and monitoring these developments    as they are applicable to many types of supply chains.  <\/p>\n<p><!-- Auto Generated --><\/p>\n<p>Original post:<\/p>\n<p><a target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/www.lexology.com\/library\/detail.aspx?g=445307b0-4a89-490f-9a04-d67549a71f33\" title=\"Supply Chain Transparency and Australia's Closer Look at Modern Slavery Laws - Lexology (registration)\">Supply Chain Transparency and Australia's Closer Look at Modern Slavery Laws - Lexology (registration)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Australia is considering whether to adopt modern slavery legislation, similar to that found in the (United Kingdom) (UK) and California . Modern slavery has been identified as including slavery, forced labour and wage exploitation, involuntary servitude, debt bondage, human trafficking, forced marriage and other slavery-like exploitation occurring today.  <a href=\"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wage-slavery\/supply-chain-transparency-and-australias-closer-look-at-modern-slavery-laws-lexology-registration.php\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"limit_modified_date":"","last_modified_date":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[431580],"tags":[],"class_list":["post-225711","post","type-post","status-publish","format-standard","hentry","category-wage-slavery"],"modified_by":null,"_links":{"self":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/225711"}],"collection":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/comments?post=225711"}],"version-history":[{"count":0,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/225711\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/media?parent=225711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/categories?post=225711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/tags?post=225711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}