Legal Aspect of International Business and Enterprise

Legal Aspect of International Business and Enterprise
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Executive Summary
The present report has been developed for analyzing and examining the impact of
legislative framework and treaties or conventions of Australia on the operations of BHP Billiton.
In this context, it has been analyzed that there are different legislative ad regulatory frameworks’
that the company need to comply for conducting its operations within the country in a
sustainable manner. Also, there is significant impact of treaties, conventions and agreement on
its operational activities. Thus, it has been inferred that the multinational companies such as BHP
Billiton due to their geographic dispersion have to operate in different business environment that
have a significant influence on their functions and activities.
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Contents
Introduction......................................................................................................................................4
Brief Description of the Company...................................................................................................4
Legislative or Regulatory Framework affecting MNC’s Operations in Australia..........................5
Treaties, Conventions or Agreements impacting the BHP Billiton Products or Services within
Australia...........................................................................................................................................7
Conclusion.......................................................................................................................................9
References......................................................................................................................................10
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Introduction
Multinational Corporations (MNCs) in their effort of globalization have to face various
complexities caused due to changes in the external environment in which they carry out their
business operations. Legislative and regulatory framework can be described as one such
important external force that has a large impact on the operational activities of MNCs. There is
presence of different regulatory frameworks in different countries and therefore it is essential for
the companies operating in a global context to comply with them effectively. The treaties or
conventions that are the international law developed for regulating the fundamental need of a
state for addressing the issues of common concern (Abdi & Aulakh, 2012). In this context, the
present report is developed for analyzing the legislative framework and treaties or convention on
the operations of a multinational corporation of Australia, that is, ‘BHP Billiton’ that is a
globally recognized corporations of Australia operating within the mining sector.
Brief Description of the Company
BHP Billiton, a global mining company of Australia origin involves in exploration,
development and processing of minerals, gas and oil. The company operates within global
mining sector and is recognized to be one of the largest mining and Resource Company across
the world. The operational segments of the company include exploration of petroleum, copper,
iron ore and coal. The company has been established in the year 1885 and is headquartered
within Melbourne, Australia. The company employs about 17,000 people across Australia and
has the presence of approximately 62,000 employees and contractors all over the world. BHP
Billion has operated a dual listed structure having two parent entities, that are, BHP Group
Limited and BHP Group Plc. It has been ranked among the top producer across the world in
development of major commodities such as iron ore, coal and copper (BHP Billiton: About Us,
2019).
Legislative or Regulatory Framework affecting MNC’s Operations in Australia
BHP billion is a global firm of Australia origin and as such has to face all the legislations
and regulations present within the country. The legislative and regulatory requirement that the
company need to comply can be stated as follows:
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