Filter insights by:
Filters applied:
Showing 12 of 51 content results
Update on the Modern Slavery Act Review
Insight Update on the Modern Slavery Act Review
With the introduction of the Modern Slavery Act in 2018, Australia became a leading jurisdiction in combating Modern Slavery, which is defined as the exploitation of workers where offenders use coercion, threats or deception to exploit employees, and undermine their freedom. The Act made provisions for a statutory review of the act, which commenced in 2022 and concluded with the release of the Report of the statutory review of the Modern Slavery Act 2018 (Cth) by the Attorney General's Department on 25 May 2023.
Katherine Shamai
Jarrod Lean
| 3 min read | 07 Jun 2023
Australia’s Anti-Money Laundering Regime Tranche 2 set to expand to Lawyers, Accountants, and Real Estate Professionals
Client alert Australia’s Anti-Money Laundering Regime Tranche 2 set to expand to Lawyers, Accountants, and Real Estate Professionals
Australia has commenced its implementation of Tranche 2 Anti-Money Laundering (AML) and Counter Terrorism Financing (CTF) reforms, presenting an opportunity to shape the scope and nature of obligations for your industry.
Neil Jeans
Katherine Shamai
| 1 min read | 21 Apr 2023
The penalty free period is over. Payment Times Reporting just got more real.
Client Alert The penalty free period is over. Payment Times Reporting just got more real.
The Payment Times Reporting (PTR) Scheme was introduced on 1 January 2021, requiring large businesses to report on the payment terms, and invoice payment times for their small business suppliers.
Katherine Shamai
Raj Deepan
| 3 min read | 02 Aug 2022
NSW Modern Slavery law changes brings it in line with the country
Client alert NSW Modern Slavery law changes brings it in line with the country
In June 2018, the NSW Modern Slavery Act 2018 (NSW Act) was passed – just ahead of the national approach to modern slavery. The Commonwealth’s Modern Slavery Act 2018 (Cth) (the Commonwealth Act) was introduced to the Commonwealth Parliament a few weeks after New South Wales.
Katherine Shamai
Katherine Shamai
| 2 min read | 14 Mar 2022
Payment Times Reporting Scheme
Client Alert Payment Times Reporting Scheme
The Payment Times Reporting Scheme (PTRS) commenced on 1 January 2021, requiring organisations with an annual income over $100 million to report on the time it takes them to pay small business suppliers. The purpose of this scheme is to increase transparency around the payment terms offered by large businesses to small business suppliers, thereby creating incentives to improve payment times and practices.
Katherine Shamai
Raj Deepan
| 7 min read | 16 Dec 2021
Are large businesses paying small businesses within their Standard Payment Terms?
Client Alert Are large businesses paying small businesses within their Standard Payment Terms?
The first Payment Times Reporting Register was published on 30 November 2021, and covered the reporting period 1 January 2021 to 30 June 2021.
Katherine Shamai
Raj Deepan
| 4 min read | 16 Dec 2021
Anti-money laundering and counter-terrorism financing changes
Client Alert Anti-money laundering and counter-terrorism financing changes
Anti-money laundering and counter-terrorism financing changes, informally known as “Tranche 1.5”, relate to those entities captured by Tranche 1, including providers of financial, bullion, and gaming/gambling services.
Katherine Shamai
Katherine Shamai
| 6 min read | 06 Jul 2021
Wage theft now a criminal offence in Victoria
Client Alert Wage theft now a criminal offence in Victoria
As of 1 July 2021 it is now a criminal offence for Victorian employers to deliberately underpay employees or dishonestly withhold their entitlements.
Katherine Shamai
Elizabeth Lucas
Alex Bell
Thomas Isbell
| 3 min read | 02 Jul 2021
Modern Slavery deadlines back to normal – when is your statement due?
Client Alert Modern Slavery deadlines back to normal – when is your statement due?
While Modern Slavery Statement reporting periods have gone back to their normal schedule, now is a timely reminder to collate your Modern Slavery Statements and submit in time with the regular deadlines.
Katherine Shamai
Katherine Shamai
| 1 min read | 21 Jun 2021
The extended Modern Slavery reporting deadline is now looming
Client Alert The extended Modern Slavery reporting deadline is now looming
The Modern Slavery Act reporting deadline has been extended to 31 March 2021.
Katherine Shamai
Katherine Shamai
| 1 min read | 02 Mar 2021
Are you prepared for your first Payment Times report?
Client Alert Are you prepared for your first Payment Times report?
With all that had been going on as 2020 closed out, it would have been easy to miss the introduction of a new reporting obligation placed on certain entities from 2021 forward.
Katherine Shamai
Raj Deepan
| 5 min read | 17 Feb 2021
Being a good corporate citizen is about more than just compliance
PODCAST Being a good corporate citizen is about more than just compliance
In this podcast, Grant Thornton Risk Consulting partner Katherine Shamai discusses what it means to be a good corporate citizen, how COVID has moved the conversation along, and the long term risks to brand and stakeholders of getting it wrong.
Katherine Shamai
Katherine Shamai
| 20 min listen | 17 Feb 2021
Load more