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Does my company need to comply with Australia’s Modern Slavery Act?
The mandatory reporting and other requirements under Australia’s Modern Slavery Act apply to companies and other entities operating in the Australian market.
I have 100,000 suppliers. Can your platform handle that?
MSA360 is designed for scale. The workflow automation, pre-configured templates and analytics are designed to automate assessments of thousands of vendors.
Once I submit my company’s first modern slavery statement to the Australian government, what key elements do I need to put in place to ensure that my company maintains an ongoing compliance program?
The Australian government expects to see continuous improvement from all reporting entities.
How quickly can I get up and running with your platform?
MSA360 is fully configured out-of-the-box solution. Hence, you can be up and running in as little as a week.
How do I create an inventory of my company’s external suppliers?
In order to meet the disclosure requirements in your annual Modern Slavery Act report, it is important that you create a map of your suppliers by criticality and modern slavery risk.
What are my company’s reporting requirements under Australia’s Modern Slavery Act?
Your company’s annual modern slavery statement must identify reporting entity and explain structure, operations, and supply chains of reporting entity.
Is your risk scoring aligned with the requirements of Australia’s Modern Slavery Act?
Yes. Our risk scoring is aligned with Australia’s Modern Slavery Act. Broadly speaking, our scoring methodology is built around differential weights.
How many times do I need to require my suppliers to complete these modern slavery assessment questionnaires?
Companies are required to submit their modern slavery statement to the Australian government each year.
What is your source of credibility?
We have an internal Regulatory and Risk Management team which has expertise in the modern slavery legislation.
I have several hundred suppliers that I will need to assess within the next few months. How can I complete this task in time without adding additional employees?
Australia’s Modern Slavery Act does not mandate the process that companies must use to assess and address modern slavery risks in their operations and supply chains.
Can we import our existing supplier data into your tool or do we need to start from scratch?
Yes, you can bulk import your current supplier data very easily into the tool using templates that are available in the platform.
How do I score the responses to a modern slavery questionnaire? How do I identify high risk versus low risk suppliers?
The Australia Modern Slavery Act does not require companies to certify that their operations and supply chains are slave-free.
Can I add my own questions or edit the ones in the platform?
Yes, you can edit the out-of-the-box questionnaire to fit your needs. You can add/modify/delete sections.
Once I have mapped my suppliers, how do I assess their modern slavery risks? What questions do I need to ask my suppliers as part of this assessment process?
The Modern Slavery Act does not prescribe specific questions that companies should ask their suppliers.
Are Modern Slavery Questions included?
Yes, a full set of supplier and supply chain related questions created by CENTRL experts are available in the platform.
What are the key components to developing a holistic Modern Slavery Act compliance program?
There are 5 broad components to building a complete MSA Compliance program. Establish an overall governance and oversight program with formal policies and procedures.
What is included in your out-of-the-box platform?
CENTRL’s MSA360 platform is a one-stop solution for companies to assess Modern Slavery risk among their suppliers and in their internal operations.
What type of users is the MSA360 platform designed for?
The platform is highly intuitive an easy-to-use. Our typical users include professionals from Procurement, Compliance, Sustainability and Vendor Risk.
What kinds of workplace practices are considered to be modern slavery?
Australia’s Modern Slavery Act defines “modern slavery” to include human trafficking, slavery, servitude and more.
How does CENTRL ensure the safety and protection of our data?
CENTRL follows the most stringent security and risk measures to provide world class protection for customer data.
Are Modern Slavery questions included in MSA360?
Yes, a full set of supplier and supply chain related questions created by CENTRL experts are available in the platform.