Third-party lifecycle management for Australia operations
Last updated: August 19, 2026
Verdana is a third-party lifecycle management platform that helps companies operating in Australia manage supplier and contractor due diligence, documentation, and modern slavery reporting in one system, built around the record that reporting depends on.
The Modern Slavery Act 2018 requires a reporting entity above the revenue threshold set in Section 5 to publish an annual statement identifying modern slavery risks in its operations and supply chains and describing the actions taken to assess and address them, including due diligence and remediation — published on the public Modern Slavery Statements Register. Verdana keeps the underlying supplier and contractor record — due diligence documentation, risk classification, monitoring history — organized and dated, so the statement is written from an actual record.
A new corporate offence under Section 70.5A of the Criminal Code, in force since September 2024, makes a company liable if an "associate" — including a third party performing services for it — bribes a foreign official for its benefit, with "adequate procedures" as the sole defense. Verdana applies the same documented due diligence to agents, distributors, and other third parties acting for the company as it does to suppliers and contractors.
Australia sits alongside the rest of Verdana's regional coverage in the same platform: document requirements are configured per market, and headquarters gets one consolidated view of every supplier and contractor regardless of where they operate.
Frequently asked questions
Who has to publish a modern slavery statement in Australia, and what does it cover?
A reporting entity with annual consolidated revenue above the threshold set in the Act. The statement must describe the entity's structure, operations and supply chains, the modern slavery risks in them, the actions taken — including due diligence and remediation — and how the entity assesses whether those actions are working.
What is the "failure to prevent foreign bribery" offence and how does it touch third parties?
Section 70.5A of the Criminal Code, in force since September 2024, makes a company liable if an associate — which includes a third party performing services for it — bribes a foreign official for the company's benefit, with documented adequate procedures as the only statutory defense.
Are modern slavery statements checked, or just filed?
Statements are published on the public Modern Slavery Statements Register, which makes them visible to customers, investors, and civil society, not only to the regulator — a reason the underlying due diligence record needs to support what the statement actually claims.