Reforming Australia’s Modern Slavery Laws

Written by:

Future Group

Future Group has joined 100+ signatories calling for reform of Australia’s Modern Slavery Act. 

The joint letter to the Attorney-General brings together investors like Future Group with businesses, unions, civil society organisations, academics, and survivor advocates to call for stronger modern slavery laws.  

With an estimated 50 million people in modern slavery globally, action is urgent. This letter is calling on the Government to prioritise aligning the Act with international principles and the introduction of a risk based due diligence approach for modern slavery for companies reporting under the Act. 

Many Australian businesses and investors have already taken action to identify and address modern slavery in supply chains to support their reporting under the Act. However, uptake remains uneven – reforming the Act could address this. 

Future Group Head of Sustainable Investments Jackie Radisich says: “This kind of collective advocacy is one of the key levers we use to call for stronger legislative conditions that drive greater action onmodern slavery in global supply chains and improve investors’ ability to assess and act on exposure in their portfolios.” 

The letter calls on the Federal Government to commit to two key areas of reform:  

  1. Alignment with key international standards, such as the UN Guiding Principles on Business and Human Rights and the OECD Guidelines for Multinational Enterprises on Responsible Business Conduct. 

  2. A requirement to undertake risk-based due diligence, which would level the playing field and promote an effective, proportionate, and outcome-focused approach to addressing modern slavery – reflecting what many Australian businesses are already doing. 

Read the full open letter here.