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"This creates an uneven playing field between Australian headquartered companies and foreign headquartered companies," outgoing Law Council president Arthur Moses said. Mr Moses said reporting requirements apply to subsidiaries of Australian companies even if a subsidiary is turning over less than $100 million. That rule does not apply to Australian subsidiaries of foreign companies.
The Law Council has also called on the Federal Government to share foreign intelligence about the use of forced labour in other countries so that Australian companies are made aware of any risks in their overseas supply chains.
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