Voluntary Tax Transparency Code Report
Kubota Australia Pty Ltd (Kubota Australia) is Australia’s leading supplier of agriculture, construction and power equipment, operating in Australia for over 40 years. It is part of the global Kubota Group of companies.
Since its foundation in 1890, the Kubota Group has delivered a variety of products that contribute to people’s lives and society, including iron water pipes for the development of modern waterworks, and agricultural machinery to increase food production and save labour. Today, the world faces many challenges in the areas of food, water and the environment, which are indispensable for human beings. The Kubota Group believes that its mission is to comprehensively solve the problems of food, water and the environment through its superior products, technologies and services, thereby continuing to support the future of the earth and humanity.
This report provides an overview of Kubota Australia’s tax strategy, governance and tax contributions made to Australian State and Commonwealth governments. The information provided in this Report is released on a voluntary basis in accordance with the recommendations and guidelines contained in the Board of Taxation’s Voluntary Tax Transparency Code (the Code).
Kubota Australia has chosen to voluntarily disclose this information, which is consistent with the Australian Government’s efforts to promote tax transparency. Kubota Australia has made this commitment to transparency because it believes it is important that companies help build trust in society by being transparent about how and where they pay taxes.
General Manager Finance and Administration
Kubota Australia Pty Ltd
Part A Disclosures
The Part A Disclosures required of Kubota Australia by the Code are:
- a reconciliation of the accounting profit to income tax expense;
- a reconciliation from income tax expense to current year income tax payable; and
- Kubota Australia and Kubota Group’s effective tax rates.
Kubota Australia published its tax disclosures in Note 13 of its 2019 and 2018 Financial Report’s. The tax reconciliations in Note 13 form the basis of Kubota Australia’ Part A disclosures for the Code (particularly reflected in response to question 1 below).
1. Reconciliation of accounting profit to income tax expense
Reconciliation of accounting profit to income tax expense
|31 Dec 2019|
|31 Dec 2018
|Profit before income tax|
|Tax at the Australian tax rate of 30%|
|Increase/ (decrease) in income tax expense due to:|
|- Entertainment and subscriptions (permanent non-deductible expenses)|
|- Adjustment for Transfer Pricing Advanced Pricing Arrangement|
|(Tax credits)/ (rebates)/ (offsets)|
|Under/Overs - Adjustment to prior year for provisions|
|Income tax expense|
2. Reconciliation from income tax expense to current year income tax payable
Reconciliation from income tax expense to current year income tax payable
|31 Dec 2019|
|31 Dec 2018
|Income tax expense|
|Movements in temporary differences|
|Adjustment for permanent differences|
|Adjustment for Transfer Pricing Advanced Pricing Arrangement|
|Adjustment to prior year under/ overs for provisions|
|Income tax paid|
Income tax expense is different to income tax payable, as income tax expense (an accounting concept) reflects amounts of accounting income which are assessable for tax / amounts of accounting expenditure which are deductible for tax, irrespective of when that assessment or deduction arises. Income tax payable reflects amounts which are assessable or deductible in the current year, which does not always align with the timing for these amounts being recognised in the income statement.
3. Accounting effective company tax rates for Kubota Australia and Kubota Group
Effective tax rates
|31 Dec 2019|
|31 Dec 2018
|Kubota Australian ETR|
|Kubota Group ETR|
The above effective tax rates (ETRs) have been calculated as income tax expense divided by accounting profit for the Australian Kubota accounting consolidated group and the global Kubota accounting consolidated group.
The 2019 and 2018 Australian ETRs are 30.51% and 29.51% respectively. This reflects the impact of permanent adjustments in respect of non-deductible entertainment and subscriptions which increase the ETR above the headline Australian income tax rate of 30%.
PART B Disclosures
Part B of the Code prescribes minimum disclosure standards in relation to Kubota Australia’s:
- tax policy, strategy and governance;
- total tax contributions;
- international related party dealings.
4. Approach to tax strategy and governance
Kubota Australia is committed to achieving the highest standards in the areas of corporate governance and business conduct and its tax responsibilities are in line with this commitment. Kubota Australia has established a group Tax Governance Framework governing its tax strategy, which was reviewed and approved by the Board in 2017. It strongly believes in tax governance and has taken various actions to ensure that it follows best practice both on governance and transactional data.
Actions taken by Kubota Australia on “best practice” tax governance
- A Tax Governance Framework document has been prepared and endorsed by the Board and is operational across Kubota Australia. The responsibilities imposed under the framework are carried out by experienced professionals who also draw on the use of external advisors.
- Kubota Australia has implemented appropriate internal controls at a Board and managerial level in relation to the identification and management of tax risk, and a framework for escalation of tax matters from business units to the Kubota Australia Board as necessary.
- Kubota Australia has engaged external advisors to undertake separate corporate income tax, GST and Fringe Benefits Tax operational assessments. The results of these assessments indicated that Kubota Australia operates within a robust, clearly defined control environment.
- Kubota Australia dedicates appropriate resources to managing its tax obligations, and has always been able to meet ATO compliance obligations and requests within the timeframes granted. The ATO has previously rated Kubota Australia as a low risk taxpayer under its risk-categorisation framework.
5. Total tax contribution summary
The table below provides an overview of all the Australian Federal and State taxes paid and collected by Kubota Australia Pty Ltd in the 31 December 2019 income year (with comparatives to the 31 December 2018 and 31 December 2017 years).
Tax Contribution Summary
|31 Dec 2017|
|31 Dec 2018|
|31 Dec 2019
|Fringe Benefits Tax|
|Insurance duties - Workcover|
|Local property tax|
|GST (net of recoveries)|
|Superannuation guarantee charge|
6. Information about international related party dealings
Kubota Australia Pty Ltd engages in various dealings with international related parties. Kubota Australia discloses these dealings at Note 29 of its Financial Report. Material dealings during the year included:
- Purchases of goods from related parties located in Japan, Korea, Thailand, United States of America, Germany, France, Norway and Spain.
- Payment of a fee for management services received from a related party in Japan.
- Kubota Australia established a New Zealand subsidiary in 2019. Kubota Australia raised a fee for Management services in support of New Zealand operations.
Kubota Australia Pty Ltd and its related parties regularly review their transfer pricing policies to ensure their international related party dealings are conducted in accordance with the arm’s length principle.
Kubota Australia has entered into a bilateral advanced pricing arrangement (BAPA) with the Australian Taxation Office (ATO) and the National Tax Agency (NTA) in Japan. The BAPA covers the purchase of goods from Kubota Corporation (KBT), a related party in Japan.
7. ATO public tax transparency disclosures
Australia’s public tax transparency laws require the ATO to publish specific tax return information of public companies and foreign-owned companies with total income of $100 million or more, and Australian-owned private companies with total income of $200 million or more.
The ATO published data for the 2017-18 income year in September 2020. This would have included the following information in relation to Kubota Australia Pty Ltd based on its lodged income tax return for the year ended 31 December 2018:
Supplier Code of Conduct
This code of conduct applies to all businesses that provide products or services for Kubota Australia Pty Ltd (Kubota Australia) and its subsidiaries, joint ventures, divisions, or affiliates. Kubota Australia requires suppliers and their employees to commit to this code of conduct as a condition of doing business
Kubota Australia suppliers must comply with the laws, rules, regulations, and Kubota Australia policies of the countries and locations in which they operate. They are expected to be familiar with the business practices of their suppliers and subcontractors, and ensure they operate according to this code of conduct. Kubota Australia may discontinue its relationship with suppliers who fail to comply with this code.
Labour and human rights
Suppliers are expected to provide a fair and ethical workplace, maintaining high standards of human rights, with appropriate labour and human rights policies and practices in place
At Kubota Australia, we pride ourselves on providing an equal employment and gender equality workplace and expect our Suppliers not to discriminate against any employee based on age, disability, ethnicity, gender, marital status, political affiliation, race, religion, sexual orientation, gender identity, union membership, or any other status protected by law, in hiring and other employment practices. Consistent with the Workplace Gender Equality Act 2012, suppliers are expected to proactively support gender equality initiatives. Kubota Australia strives to promote and influence improvements in gender equality across its Supply Chain through procurement policies and practices. Kubota Australia also encourages Suppliers to explore opportunities to engage Aboriginal and Torres Strait Islander businesses in their supply chain.
Suppliers are expected not to bully or threaten employees or subject them to unlawful or inhumane treatment. This includes, but is not limited to, abuse and harassment which can be verbal, physical, sexual, or psychological. Consistent with The Modern Slavery Act 2018, suppliers are expected to proactively identify, address and where required by legislation, report on risks of modern slavery practices in their business operations and supply chains. You can read more in our Modern Slavery Statement.
Suppliers should take reasonable endeavours to ensure that any third-party labour agency it may use to fulfil services to Kubota Australia, is compliant with The Modern Slavery Act 2018, including payments, recruitment related fees and expenses in recruiting foreign contract workers.
All relevant Suppliers involved in the labour hire sector must hold a license under this scheme before Kubota Australia can engage their services. Please refer to the Victorian Labour Hire Authority , for more information.
Suppliers are expected to freely allow employees to associate with others, form and join (or refrain from joining) industrial organizations or associations of their choice and bargain collectively, or engage in any lawful industrial activity without interference, discrimination, retaliation or harassment.
Suppliers must abide by The Privacy Act 1988, which regulates the treatment of personal information about individuals. This includes the collection, storage, and disclosure of personal information about individuals.
Health and Safety
Suppliers are expected to provide a healthy and safe work environment, with comprehensive health and safety management practices in place.
Suppliers with employees who need to enter a Kubota Australia premises must ensure those employees meet any applicable requirements (e.g.: current police check) and be able to provide verified evidence.
Suppliers must comply with all other applicable laws relating to workplace health and safety and provide their employees with job-related training and consult with employees in relation to the provision of information and training.
Suppliers are expected to conduct their operations in a way that minimizes the impact on natural resources and protects the environment, customers, and employees. They must ensure their operations comply with all applicable laws related to air emissions, water discharges, toxic substances, and hazardous waste disposal. Throughout the world, laws and regulations prohibit or restrict certain substances and/or require manufacturers and suppliers to provide information about restricted substances in their products. Suppliers must, therefore, comply with the Kubota Group’s environmental charter and when requested by Kubota Australia, provide regulatory compliance declarations for identified products.
Ethics, Gifts and Gratuities
Suppliers must not offer gifts to Kubota Australia employees. This includes gifts of nominal value. Although giving gifts is acceptable in some cultures, Kubota Australia requests that suppliers respect its policy of not accepting gifts.
Bribes, kickbacks, and similar payments are strictly prohibited. This ban applies even when local laws may permit such activity. Employees, suppliers, and agents acting on behalf of Kubota Australia are strictly prohibited from accepting or giving such considerations under any circumstances. Suppliers must, therefore, comply with the Kubota Australia’s Anti-bribery policy
Proper management of confidential information is critical to the success of both Kubota Australia and suppliers. Suppliers must protect all Kubota Australia information, electronic data, and intellectual property or Kubota Australia technologies with appropriate safeguards. Any transfer of confidential information must be executed in a way that secures and protects the intellectual property rights of Kubota Australia and its suppliers. Suppliers may receive our confidential information only as authorized by a confidentiality or non-disclosure agreement and must comply with their obligations to not disclose the confidential information, to not use the information except as permitted by the agreement, and to protect the information from misuse or unauthorized disclosure. Our suppliers can expect Kubota Australia to similarly safeguard their confidential information when authorization is provided to Kubota Australia. Suppliers may not use the Kubota Australia trademark, images, or other materials to which Kubota Australia owns the copyright, unless explicitly authorized.
Supplier Management System
Suppliers are expected to have a management system that ensures they comply with applicable laws, regulations, and Kubota Australia policies, conform to this Supplier Code of Conduct, and identify and reduce operational risks related to this code. The system should also promote continuous improvement and compliance with changing laws and regulations.
Supply Chain Transparency
Supply chain transparency is required to confirm compliance to this code of conduct. To monitor this, Kubota Australia’s Compliance Officer will request documentation, conduct onsite audits, review, and approve corrective action plans, and verify implementation of corrective action.
Suppliers are expected to assist Kubota Australia in enforcing this Supplier Code of Conduct by communicating its principles to their supervisors, employees, and suppliers.
Kubota Australia will address confirmed Supplier Code of Conduct non-compliance and Actions may include but not be limited to any of following:
- Require a supplier to implement behaviour change and confirm implementation in writing
- Require a supplier to implement behaviour change and provide evidence of this either in writing or via an on-site inspection by Kubota Australia representatives
- Require specific action to be taken by a supplier and evidenced by a specified date
- Terminate a contract
Any supplier may direct questions or comments about this code of conduct to his/her Supply Management representative or Kubota Australia’s Compliance Officer.
Violations of the Kubota Australia Supplier Code of Conduct can be reported confidentially via any of the following ways:
Telephone: 1300 582 582
Mail: Compliance Officer 25 – 29 Permas Way Truganina VIC 3029 Australia
Kubota Australia Pty Ltd is committed to complying with the laws and regulations of the countries in which its businesses operate and acting in an ethical manner, consistent with the principles of honesty, integrity, fairness, and respect. Bribery and the related improper conduct referred to in this policy are serious criminal offences for both the company and any individuals involved. They are also inconsistent with Kubota Australia’s values. Laws prohibiting the types of improper payments covered by this policy apply in all the countries in which Kubota Australia has operations or engages in trading activities. Many laws, such as the Australian Criminal Code, the US Foreign Corrupt Practices Act and the UK Bribery Act, have application at home and abroad. The purpose of this policy is to:
(a) set out the responsibilities of directors, employees of Kubota Australia and its subsidiary companies, suppliers and agents acting on behalf of Kubota Australia in observing and upholding the prohibition on bribery and related improper conduct.
(b) provide information and guidance on how to recognize and deal with instances of bribery.
This policy applies to all directors, employees of Kubota Australia and its subsidiary companies, suppliers and agents acting on behalf of Kubota Australia
Definition of Terms
“Bribe Offering” shall mean an act of offering, or proposing or promising to offer, money or another kind of benefit (“Bribes”) to a Public Official or a private individual citizen, in pursuit of unjust operational profits.
“Bribe Acceptance” shall mean an act of accepting, or a demand or promise to accept, a Bribe.
Some indications of Bribery that may arise during working for or providing services to the Kubota Australia and its subsidiaries could include
A party insisting on receiving a commission or fee payment before committing to sign up to a contract with Kubota Australia and its subsidiaries
A party requesting payment in cash and/or refuses to sign a formal commission or fee agreement, or to provide an invoice or receipt for a payment made.
A party requesting that payment is made to a country or geographic location different from where the party resides or conducts business.
A party requesting an unexpected additional fee or commission to facilitate a service.
A party demanding lavish entertainment or gifts before commencing or continuing contractual negotiations or provision of services.
A party requesting that a payment is made to overlook potential legal violations.
A party insisting on the use of side letters or refusing to put terms agreed in writing.
Above events are not intended to be exhaustive.
“Public Official” shall mean any of the following persons:
a public official of a government or a municipal government
an official of an association established by a government or a municipal government
an official of an organization de facto controlled by a government or a municipal government
an officer or staff of a public international organization
an officer or staff of a political party
a candidate for public office
a person acting in place of the persons described above to do government affairs
Directors, employees of Kubota Australia and its subsidiary companies, suppliers and agents acting on behalf of Kubota Australia must:
(a) understand and comply with this policy
(b) not give, offer, accept, or request bribes, facilitation payments, secret commissions or other prohibited payments or engage in money laundering or cause any of them to be given, offered, accepted, or requested
(c) not approve any offers, or make, accept, or request an irregular payment or other thing of value, to win business or influence a business decision in favor of the Kubota Australia and its subsidiaries
(d) comply with any reporting and approval processes for gifts, entertainment, or hospitality
(e) not offer or receive any gifts, entertainment, or hospitality to or from public officials outside policy
(f) obtain required approvals for donations and sponsorship
(g) maintain accurate records of dealings with third parties
(h) be vigilant and report any breaches of, or suspicious behaviour related to, this policy
Directors and employees of Kubota Australia and its subsidiary companies:
Must not receive any gifts, entertainment, or hospitality from any party including suppliers and agents acting on behalf of Kubota Australia outside the KAU Conflict of Interest policy.
Maintain accurate records
(a) All accounts, invoices and other documents and records relating to dealings with third parties (including due diligence reports), must be prepared and maintained with strict accuracy and completeness. No accounts may be kept “off the books” to facilitate or conceal improper payments.
(b) Internal control systems and procedures adopted to comply with this policy will be the subject of regular internal compliance reviews by the Compliance Officer to provide assurance that they are effective in mitigating the risk of non-compliance
Directors, employees of Kubota Australia and its subsidiary companies, suppliers and agents acting on behalf of Kubota Australia must report any breaches of, or suspicious conduct in relation to, this policy.
Reports should be made:
in accordance with the Kubota Australia’s whistleblower policy.
Consequences of a Breach
A breach of this policy by directors, employees of Kubota Australia and its subsidiary companies, suppliers and agents acting on behalf of Kubota Australia may be regarded as serious misconduct, leading to disciplinary action, which may include termination of employment or contractual agreements.
Breach of this policy may also expose an individual to criminal and civil liability and could result in imprisonment or in the imposition of a significant financial penalty
Whistleblower Complaint Process
In accordance with Australian law, a team member, former team member and their relatives, dependents, spouse or associates and suppliers may make a whistleblowing complaint with legal protection.
Making a Whistleblowing complaint is a way to report, and bring to the attention of Kubota, actual or suspected serous wrongdoing.
It is important to note that any party may make a report to appropriate authorities at any time where they feel they have reasonable grounds and do so in good faith.
Kubota strongly encourage the making of whistleblowing complaints to ensure we live our shared values and possess a safe and compliant company culture which will ensure our reputation and standing within in the markets and communities in which we operate.
What to report
As a person external to our business, should you have reasonable grounds or belief to suspect that misconduct has occurred, or that an improper state of affairs or circumstances exist within Kubota Australia you may choose to make a report. The subject of any report may include current or former team members (including employees and contractors), officers or Board members of Kubota Australia.
Misconduct may include, but is not limited to:
- Breach of specific legislation
- Dishonest, corrupt, or illegal activities
- Serious breach of Policies and Procedures, including serious risks to health and safety
- Fraud, theft, money laundering or misappropriation
- Offering or accepting a bribe
- Damage or sabotage
- Harassment including sexual harassment, discrimination, bullying or victimization
- Instruction to cover up or attempt to cover up serious wrongdoing
- Engage in conduct that is likely to contribute to, or is likely to be considered as, a form of Modern Slavery
Kubota Australia shall apply principles of procedural fairness and natural justice to the conduct of any investigation and resultant findings arising under our Whistleblower Protection Policy and relevant laws.
A whistleblower’s identity, or any information likely to lead to the identification of the whistleblower must be kept confidential and not disclosed. The only exceptions are where:
- the identity of the whistleblower is disclosed with the consent of the Whistleblower, is provided to ASIC, APRA or the AFP, or is given to a lawyer in order to obtain legal advice or representation; and
- information likely to lead to the identification of the whistleblower (but not the whistleblower’s identity) is disclosed because it is reasonably necessary for the purpose of investigating the matter, and Kubota takes all reasonable steps to reduce the risk that the whistleblower will be identified.
Kubota have no ability to offer Whistleblower/s immunity against criminal or civil legal action that may be taken against them because of matters reported.
Who to report to
You may make a report to:
- The nominated Whistleblower Protection Officer, Kubota’s Compliance Officer
by emailing at: kau_g.whistleblower@KubotaAustralia.com.au
Anonymously via post to Kubota Australia Pty Ltd, Whistleblower Protection Officer (Compliance Officer), 25-29 Permas Way, Truganina, VIC, 3029
- A General Manager or officer of Kubota Australia (such as a Board member) on 1300 582 582 on the understanding that they will need to refer this to the nominated Whistleblower Protection Officer.
Content of report
It is strongly preferred that you make a report in writing to ensure clear communication and to enable the best possible management of the matter.
Information you should pass on in your report should include:
- Date of report
- Identity of reporter (if disclosed/ known)
- Substance of report
- Any dates or details of when, where or how the reportable conduct occurred
- The identity or level of seniority of the person/s who are the subject of the report
- The perceived level of risk or gravity of the reportable conduct
- Any other pertinent matters or evidence.
For more information you may contact our nominated Whistleblower Protection Officer, Kubota’s Compliance Officer.
Telephone: 1300 582 582
Mail: Compliance Officer, Kubota Australia Pty Ltd, 25-29 Permas Way, Truganina, VIC, 3029
Modern Slavery Statement 2020
This statement covers the activities of Kubota Australia Pty Ltd, herein after called “Kubota Australia” (ACN005 300 621) and its other entities during the year ended 31 December 2020.
Kubota Australia, is a wholly owned subsidiary of Kubota Corporation (Japan) worldwide group. Kubota Corporation has a proud manufacturing history of more than 120 years
Kubota Australia is working to ensure that it does not commit or assist violations of human rights in either its own company business or through its supply chains or distribution channels and explain its activities for the abolition of modern slavery below
In this statement, we use the term “Modern Slavery” accordance with the definition of the Modern Slavery Act 2018.
Kubota Australia is a company incorporated in Australia and our registered office is located at 25-29 Permas Way Truganina VIC 3029
Kubota Australia is a subsidiary of Kubota Corporation, headquartered in Japan. Under the trading name of Kubota Australia Finance (KAF), Kubota Australia offers equipment finance. Kubota New Zealand Limited is domiciled in New Zealand. It is a wholly owned subsidiary of Kubota Australia
Kubota Australia conducts a diversified range of business activity which include agriculture, construction and power equipment.
KAF offers designated services to its corporate and retail customers by providing finance for new, demo and
used Kubota machinery and equipment, including tractors, excavators, mowers, utility
machinery/equipment, generators and Krone equipment. KAF also offers finance for used equipment and
machinery of competitor brands which are sold by Kubota Australia’s authorized dealers. Kubota New
Zealand, conducts a diversified range of business activity which include agriculture, construction and power
equipment in New Zealand
Kubota Australia engages 163 employees
Our Supply Chain
Kubota Australia engages in various dealings with international related parties. Material dealings during the
year included, purchasing goods from related and unrelated parties of Kubota Australia located in
Norway, Netherlands, Indonesia, Japan, South Korea, Thailand, United States of America, Germany, France
Modern Slavery Risks
Kubota Australia recognize that modern slavery may impact its business activities and we endeavour to take
responsibility for reducing the risks that we might contribute to modern slavery through our operations and
supply chains. We believe there are number of sectors and industries within our operations and supply
chains that may have a higher prevalence of modern slavery risks
Risk Assessment Methodology
We plan to develop a risk assessment methodology which considers several indicators of modern slavery
risks including sector and industry, the type of products and services, geographical location and specific
Initially Kubota Australia will focus on assessing general areas of our operations and supply chains where
modern slavery risks are likely to be significant. We have decided to focus on our operations and supply
chains that involve high risk geographical locations as per the Global Slavery Index 2018
Identified risks will be profiled as follows
|Risk profile||Description of Risk|
|Sector/Industry||There are number of sectors and industries within our
operations and supply chain that might have a higher
prevalence of modern slavery risks.
|Product/Service||As most of our suppliers are overseas based and some
of these countries have different levels of ranking
according to the Global Slavery Index, there might be
a prevalence of modern slavery risks
|Geographic||There are some countries in our supply chain, which
have a higher prevalence of modern slavery
|Entity||There might be some entities in our supply chain
where entity's procurement and sourcing processes
appear poorly managed or inefficient
Kubota Australia’s relationship to the identified Modern Slavery Risks will be categorized as follows:
|CAUSED by Kubota Australia||Modern slavery risks that Kubota Australia's operations
may directly result
|CONTRIBUTED TO by Kubota Australia||Risks that Kubota Australia's Operations may contribute to
modern slavery. These include both acts and omissions
|DIRECTLY LINKED TO Kubota Australia||Risks that Kubota Australia's operations may be connected
to modern slavery through the activities of another entity
that Kubota Australia has a business relationship with
Due Diligence and Remediation Process
|Due Diligence||Action Item|
|Identify and assess|
actual and potential
human rights impacts
|Integrate our findings|
across our entity and
action to address
|Tracking our entity's|
performance to check
whether impacts are
we are doing
Assessing the effectiveness of Kubota Australia’s actions
Kubota Australia intend to monitor performance against several key performance indicators, including
- Number of suppliers
who have committed to our supplier code of conduct
- Number of identified or reported modern slavery events
- Number of staff who has completed Modern Slavery Training during each reporting year
- General Managers’ yearly attestation to Kubota Australia Board, attesting to their compliance with Modern Slavery Policy
- Take action to prevent or cease Modern Slavery risks caused by Kubota Australia and provide for or cooperate in remedying any actual impact within 24 hours the matter is investigated and confirmed by Kubota Australia
- Take action to cease or prevent our contribution to the risk and provide for or cooperate in remedying any actual impact, within 3 months when our contribution is confirmed
- Influence the entity causing the risk to act and cooperate in remedying the impact. Kubota Australia will end the business relationship if we lack the leverage to influence the entity causing the risk to change its behavior and we cannot increase our leverage within 3 months, where modern slavery risk directly linked to us, identified and confirmed
Consultation and Approval
This statement was prepared by Kubota Australia on its own behalf and on behalf of Kubota New Zealand, its wholly owned subsidiary.
This statement is approved on behalf of the Board of Directors of Kubota Australia Pty Ltd on 13th April 2021