Brendon Grylls’ tax plan has echoes of federal Labor’s disastrous mining tax.

Grylls’ tax a turkey that won’t fly

ANALYSIS: Politics and business never mix well, which is something the state government is about to discover with news that former Nationals WA leader Brendon Grylls is eyeing a return to his party’s top job.


(existing subscribers)

The password field is case sensitive.
Request new password


Other facets of the Grylls plan include lifting the payroll tax-free threshold from $850,000 to $1.5 million, ensuring any money from privatisations is reinvested in infrastructure, and a renewed campaign aimed at fixing problems with WA’s GST distribution. Reducing tax on [most] companies from employing people will be popular

BHP and Rio have thousands of Australian shareholders. FMG, Mineral Resources, Hancock prospecting have fewer Australian Shareholders, with large shareholdings held by the billionaires and millionaires, Forrest, Rinehart and Ellison. Grylls tax is to tax the poor and reward the wealthy. The Nationals should change their name to the National Socialist Party

What a conundrum. A new mining tax? Tax the multinationals? One feels sorry for BHP and RIO except when one remembers that BHP, RIO and Xstrata negotiated the MRRT without FMG, Hancock, or any of the other iron ore miners like Atlas, Mt Gibson, and BC Iron. BHP and RIO have always been bullies, and it is very hard to actually feel empathy towards them. They were willing to sell out their rivals instead of fighting the good fight which they left to AMEC and the juniors.

Add your comment

BNIQ sponsored byLPC cresa

Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
61stAtlas Iron187%-42%
204thNorthern Star Resources56%70%
209thMineral Resources53%19%
531stFortescue Metals Group-10%13%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$0 Issued
$0 Other
$0 Other
Total value as at the date of the transaction
Source: Morningstar


1st-Fortescue Metals Group$10,999.7m
4th-Mineral Resources$1,470.4m
5th↓Atlas Iron$896.6m
6th↓Northern Star Resources$850.6m
507 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Fortescue Metals Group

556thMark Barnaba$223k
658thSharon Warburton$170k
716thElizabeth Gaines$161k
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer