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Modern slavery describes situations where coercion, threats, or deception exploit victims and undermine or deprive them of their freedom.
Defining modern slavery in the context of business is complex. Global problems transpiring in various firms vary from organisation to organisation. The fact is that it exists, and facts prove it. According to one estimate, over 40 million people are affected. In Australia, it’s estimated that over 3,000 people are forced into labor. Across the world, 25 million people are forced to work through coercion, threats, or other forms of restraint, such as financial. In Australia, sexual exploitation is more common. According to an Australian Federal Police (AFP) estimate, sexual exploitation represents 30 percent of all cases in Australia.
Australian government enacted legislation on 1 January 2019. And certain entities are expected to report modern slavery-related offenses periodically. The first reporting period for most Australian businesses is due from 1 July up to 31 December 2020.
In the Australian environment, the following is considered an offense under the Criminal Code, the following offenses are considered modern slavery.
With each of the above offenses carrying varying degrees of penalty, including four to twenty-five years imprisonment.
Collectively all within the organisation recognise and be responsible global citizens in preventing modern slavery.