We don't want to cause you undue stress, but the date for lodgment of statements is approaching quickly, and preparing a modern slavery statement properly is no simple task. If you haven't already, we recommend you start today.
Not sure what to do next? Here's a simple 7 point plan to help get you started.
Start by downloading this simple fishbone diagram that we've created to help you get started with your Modern Slavery Reporting journey.
Identify other key stakeholders in your business who might be appropriate to form a working team. Ideally, you should have senior team members from HR, Risk & Compliance, Procurement and Accounting (or team members with those responsibilities, if there are not dedicated departments). You should also ideally have a board member or a member of senior management involved in the process at the outset.
Share the diagram with your team or pop it on your wall to remind you of what needs to be done.
Put the reporting date into yours, key stakeholders and management diaries. Note: the new, extended deadline for submission of modern slavery statements are 31 December 2020 for Foreign Financial Year reporting entities and 31 March 2021 for Australian Financial Year reporting entities.
After you've downloaded the diagram, check out our previous complimentary articles on Modern Slavery Legislation. A global problem now also a reputational risk for Australian businesses. and Modern Slavery Risks in the Australian operations and supply chains, as they contain information that may also help you get started including The Department of Home Affairs has issued a Draft Guidance for Reporting Entities.
Download and read the Draft Guidance for Reporting Entities.
If after reviewing this material you're still not sure where to start, don't feel like you're alone. It's a big task and we're here to help. Call us on 61 2 9191 9856 or email firstname.lastname@example.org for more information or to book your confidential discussion.
Call us on 61 2 9191 9856 or email email@example.com for more information or to book your confidential discussion.
IMPORTANT NOTICE - The information contained in this article is not intended to be comprehensive. It is general in nature and is not intended to be used as a substitute for legal, financial or other professional advice. You must seek specific professional advice tailored to your personal circumstances before taking any action based on this article.
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