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BHP has long been opposed to the Australian government’s Same Job, Same Pay industrial relations legislation, which the company said required it to pay inexperienced labor hire workers the same as a worker with decades of experience, impacting costs and productivity.
“Our concerns around some of the recent changes are that they flow straight through the cost with no commensurate positive impact on productivity – in fact, they can pull things in the other direction.” “Regis had every confidence that from a regulatory point of view, McPhillamys was an approved project with no significant showstoppers from a government perspective,” Regis managing director Jim Beyer told analysts and media.
“Specifically in respect of that decision, I would say BHP has been strong supporters of policies related to cultural heritage protection, and that certainly is something that we take very seriously as a business, but on the broader point, the investment community does need as much certainty as possible, because that will ultimately improve investment attractiveness for Australia, alongside competitiveness.
Even companies with development projects outside of Australia, like Patriot Battery Metals, are heeding concerns from investors. The ‘Nature Positive’ reforms include the establishment of a national environmental protection agency , which would be in addition to the existing EPAs in each state and territory.
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