(a) the total revenue of the entity, for a reporting period or (ii) the central management or control of the entity is in Australia.Ĭarries on business in Australia : see section 5 (meaning of reporting entity).Ĭonsolidated revenue, of an entity, means: (i) the entity is formed or incorporated within Australia or (d) any other partnership, or other entity, whether incorporated or unincorporated, if: (c) a corporate limited partnership which is a resident within the meaning of section 94T of the Income Tax Assessment Act 1936 or (b) a trust, if the trust estate is a resident trust estate within the meaning of Division 6 of Part III of the Income Tax Assessment Act 1936 or (a) a company which is a resident within the meaning of subsection 6(1) of the Income Tax Assessment Act 1936 or
#Accordance define free
Statements on the register may be accessed by the public, free of charge, on the internet.Īccounting standards has the same meaning as in the Corporations Act 2001.Īustralia, when used in a geographical sense, includes the external Territories. Reports are kept by the Minister in a public repository known as the Modern Slavery Statements Register. The Commonwealth is required to report on behalf of non‑corporate Commonwealth entities, and the reporting requirements also apply to Commonwealth corporate entities and companies with an annual consolidated revenue of more than $100 million. Other entities based, or operating, in Australia may report voluntarily. This Act requires entities based, or operating, in Australia, which have an annual consolidated revenue of more than $100 million, to report annually on the risks of modern slavery in their operations and supply chains, and actions to address those risks. Information may be inserted in this column, or information in it may be edited, in any published version of this Act. (2) Any information in column 3 of the table is not part of this Act.
It will not be amended to deal with any later amendments of this Act. Note: This table relates only to the provisions of this Act as originally enacted.
However, if the provisions do not commence within the period of 6 months beginning on the day this Act receives the Royal Assent, they commence on the day after the end of that period.
The day this Act receives the Royal Assent.Ī single day to be fixed by Proclamation. Sections 1 and 2 and anything in this Act not elsewhere covered by this table Any other statement in column 2 has effect according to its terms.ġ. (1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. 20Īn Act to require some entities to report on the risks of modern slavery in their operations and supply chains and actions to address those risks, and for related purposes
#Accordance define registration
Registration of revised modern slavery statements. Registration of modern slavery statements. Part 3-Access to modern slavery statements 16ġ7. Mandatory criteria for modern slavery statements. Modern slavery statements for single reporting entities.
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