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Article

28 Jul 2023

Author:
Radio New Zealand

New Zealand: Companies with more than $20 million in revenue required to be put on register or face fine up to $200,000 in proposed modern slavery law

"Government begins drafting modern slavery supply chain register law", 28 July 2023

The government is starting work on a supply chain register to crack down on modern slavery, but legislation will not be ready until after the election.

[...]

However, the government said the drafting process beginning now was expected to take about six months - so legislation would not be ready to be introduced to Parliament until late January at the earliest, after the October election.

[...]

The proposed legislation and register would be among the world's strongest reporting systems for tackling modern slavery which had ballooned globally from 40 million to 50 million people since 2016, she said, quoting estimates from the International Labour Organisation and Walk Free.

[...]

Companies with more than $20 million in revenue would be required to provide information to be put on the register, or face a fine ranging from $10,000 to $200,000.

[...]

Timeline

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