Modern Slavery and your business
30 April 2019
Hyatt Regency Perth
99 Adelaide Terrace
Why the new Modern Slavery laws are likely to Impact your Business! What You Can do to Prepare.
Australia's new Modern Slavery legislation* will leave few businesses and organisations untouched, and the time to start preparations is now.
*Modern Slavery Act 2018 (Cth)
*Modern Slavery Act 2018 (NSW)
Even if not directly captured by the new legislation, it is likely that your business or organisation will still find itself needing to provide supply chain information to help fulfill the newly imposed mandatory reporting obligations of others within your supply chains.
* Modern Slavery Statements will need to be approved by the Board (or equivalent) and signed off by a Director (or equivalent) prior to it being made public where reporting is required under the Modern Slavery Act 2018 (Cth)
* Separate to the Modern Slavery Act 2018 (Cth), any commercial organisation with employees in NSW and an annual turnover of $50m or more will likely be required to report under the Modern Slavery Act 2018 (NSW), and under that law may be exposed to significant penalties of up to $1,100,000 for non-compliance
* The first reporting period for most businesses and organisations which are required to report will be 1 July 2019 to 30 June 2020
* The breadth of this new legislation will also result in many universities, churches, large charities and even some of the larger "not for profits" needing to submit Modern Slavery Statements
Join AmCham and K&L Gates as our Q&A panel will discuss the practical application of the newly introduced Modern Slavery laws, why this legislation is important and the positive changes that can take place where driven at a business and organisational level. By attending the event, you will be provided practical take-aways including how to start identifying the risks to your business or organisation, advice and tools to help obtain supply chain clarity, and guidance for you and your own suppliers to help get ready for what lies ahead.
About our Guest Speakers:
Jenn Morris, Chief Executive Officer, Walk Free Foundation
Part of the Minderoo Group, Walk Free is committed to ending all forms of modern slavery. Jenn will provide her views on why this legislation is important and the changes that can take place if driven at a business and organisational level.
Mark Andrich, Founder and Chief Executive Officer of Sustainable Platform
Mark Andrich is the Founder & CEO of Sustainable Platform. The Platform provides institutional investors and companies with data to measure their supply chain risks and contribution to sustainable development goals (SDGs). Mark has a PhD in sustainability (engineering) and is the vice-chair of the UN Association of WA's environment committee.
Mark will provide insight into how companies and investors use data and SDG commitments to assess supply chain risks.
Fiona Lawrie, Sustainability and Indigenous Affairs Manager, Wesfarmers
Wesfarmers has been reporting on its supply chain since 2016 under the UK equivalent of the Modern Slavery Act. Fiona will provide tips and discuss lessons learned from Wesfarmers' own experiences in reviewing its diverse supply chains and in drafting modern slavery reports.
Event Partner: K&L Gates
Invitation transferable: feel free to forward this invitation to anyone within your organisation or networks who you think might be interested in this event.
American Chamber of Commerce in Australia
08 9325 9540