3LEGAL ASPECT OF INTERNATIONAL TRADE AND ENTERPRISE
Identification of various legislative regulatory frameworks affecting BHP Billiton
According to Dunning (2013), there are various legislative frameworks including the
laws, rules and regulations that are imposed and due to this, companies like BHP Billiton has
subjected to 30 percent of the corporate tax. There are various legislative requirements and
frameworks that are associated with the expansion of the project and it can also manage the
approval and allow for permissions and licensing of various activities. Beamish (2013) argued
that the legislative frameworks have considered the Australian, South Australian and Northern
Territory Government requirements, which can assist in identifying the various legislations,
policies, laws, standards and codes of practices that can create an impact on the expansion of the
project against the local and regional statutory planning instruments (Beamish 2013). The
legislative frameworks have also assisted in managing the environmental approval processes,
which include consultation of the process of EIS along with the identification of various scopes
and opportunities required to make formal submissions to the Government during the public
exhibitions.
The legislative frameworks facilitate the Government assessment processes that are
integrated with the previous collaborative process for ensuring expansion of the proposed project
with ease and effectiveness. Vagts yet al. (2015) stated about the major legislative frameworks
including the Environment Protection and Biodiversity Protection Act, Ratification Act,
Development Act and Darwin Port Corporation Act. The actions undertaken involved the
Commonwealth land for protecting the environment and control the various provisions related to
the project expansion (Vagts yet al. 2015). The guiding principles of sustainable development
fell under the EPBC Act for ensuring that the environment is protected while managing the
business operations and at the same time, foster the development of new products and services.

Legal and Regulatory Frameworks Impacting BHP Billiton's Trade