Flybuys' business structure has not changed during its financial year ending 27 June 2021 (the current reporting period). Flybuys is an Australian proprietary company limited by shares. From 2011 until November 2018, Flybuys operated as a business unit of Coles Group, where sourcing fell under the scope of the Coles Group processes and procedures. Following the demerger of Coles and Wesfarmers in 2018, Wesfarmers retained a 50% stake in Flybuys and Coles Group holds the other 50% stake.
Flybuys is headquartered in Melbourne, Victoria with its registered office in Perth, Western Australia. As at the end of the current reporting period, Flybuys has 230 employees in Australia with its head office in Melbourne and a co-working space in Sydney.
This is the second modern slavery statement prepared by Flybuys. It describes the steps Flybuys has taken during the current reporting period to minimise the risks of modern slavery¹ occurring in our operations and supply chains, and also reports on the progress made against commitments Flybuys set out in our first modern slavery statement for the financial year ending 28 June 2020 (the first reporting period). Recognising that addressing modern slavery risks is a process of continuous improvement, this statement also looks at Flybuys' plan for future action.
¹ The term modern slavery is used to denote practises defined in the Modern Slavery Act 2018 (Cth) (MS Act) and includes eight types of serious exploitation: servitude, slavery, forced labour, forced marriage, the worst forms of child labour, debt bondage, deceptive recruiting for labour or services and trafficking.