Complying with the Modern Slavery Act

The Global Slavery Index estimates that on any given day, there are 15,000 people living in conditions of modern slavery in Australia – a shocking number in a modern, developed country like Australia.

The Modern Slavery Act 2018 (NSW) (NSW Act) requires all entities that carry out business in Australia with a minimum annual revenue of 100 million AUD to annually report to an online central register on the risk of modern slavery in their operations and supply chains. The Act is already in force and reporting requirements differ depending on each company's annual financial reporting period.

The challenge for businesses is that it is difficult to gage the level of risk with each supplier. Businesses that distribute supplier questionnaires via long PDF and Excel forms will struggle to ensure red flags don’t slip through the cracks. Missing out vital information could lead to huge fines and irreparable damage to your business' reputation.

How can we help?

VinciWorks has built a best-practice reporting solution that allows businesses to collect all necessary data from their suppliers, easily flag high-risk countries and take any action required to reduce the risk of slavery in the supply chain.

Red flags could include:

  • Having Australian-based staff who do not hold Australian passports
  • Having operations in high-risk countries such as Afghanistan, China and Ghana
  • Operating in high-risk industries such as coca, rice and textiles
  • Not providing sufficient modern slavery training
  • Having employees under the age of 18
  • Having insufficient policies and procedures in place to prevent modern slavery in the supply chain
DAC6

All responses that require action can be flagged, allowing procurement officers to take immediate action when necessary. The centralised dashboard gives a full view of any risks that have been flagged. Both the questionnaire and dashboard are fully customisable.

Reduce the risk of modern slavery with four simple steps

Record

Send your suppliers the centralised form and set automatic reminders to complete the form.

Analyse

Get a full view of any risks in your supply chain via the dashboard.

Manage

Flag any questionnaire responses that require further action and decide on any remedial action.

Mitigate

Apply measures to solve issues in the supply chain and prevent issues in the future.

Contact us to book a demo