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Commerce Minister Michael Mischin.

State govt to remove fee cap

The state government has pressed on with its red tape cuts initiative by removing a cap on fees charged by settlement agents and land valuers, while amending the codes of conduct.

Commerce Minister Michael Mischin said it wasn’t necessary to set maximum fees anymore because information on charges is freely available online and other protections for consumers has been put in place.

The fee cap will be removed from February 3.

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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 30/11/16

1 year TSR5 year TSR
76thFortescue Metals Group210%8%
129thSouth32129%0%
431stIluka Resources10%-14%
466thWoodside Petroleum2%3%
558thAtlas Iron-14%-63%
773 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

03/11/16
$6.9m Bought
23/09/16
$0 Other
23/09/16
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

1st-Fortescue Metals Group$9,806.1m
2nd↑South32$8,262.9m
3rd-Woodside Petroleum$6,935.4m
4th↑Iluka Resources$884.1m
5th↑Atlas Iron$803.7m
505 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Fortescue Metals Group

4thNev Power$5.324m
18thStephen Pearce$2.017m
24thNick Cernotta$1.873m
Ranked by total remuneration from all listed WA companies

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