Legal Aspects of Wesfarmers Ltd: Agreements and Regulatory Impact

This essay provides an in-depth analysis of Wesfarmers Ltd, an Australian multinational company. It begins with a brief overview of the company, its operations, and its global presence. The essay then delves into the regulatory framework governing Wesfarmers, examining its interactions with government agencies, public policy, and relevant legal aspects such as competition regulations, taxation, and environmental compliance. Furthermore, it explores the company's significant treaties and agreements, including the sale of its insurance underwriting operations, and assesses their impact on various aspects of the business, including financial performance, market position, and stakeholder relations. The essay concludes with an evaluation of the company's strategies and the implications of its legal and regulatory environment on its future growth and development, highlighting the challenges and opportunities it faces in the international business landscape.

ESSAY
(Legal aspects of International Business and enterprise)

Table of Contents
INTRODUCTION...........................................................................................................................3
1........................................................................................................................................................3
Brief description about the multinational company of the Australia..........................................3
2........................................................................................................................................................4
Regulatory framework of the company and its affect the company...........................................4
3........................................................................................................................................................6
The treaties and the agreement of the company and its impact..................................................6
CONCULSION................................................................................................................................7
REFERANCES................................................................................................................................8

INTRODUCTION
The essay report is all about the multinational company of Australia(WESFARMERS
LTD). To know about their operation perform by the company . It also includes the number of
the staff working in the company in Australia and the number of staff working in at the global
level. The company location and its headquarter all are mentioned in the project(Von Glahn and
Taulbee., 2015). It contains the framework of the company its affects the operation of the
company. It cover the agreement convention on the services produce by the company and its
impact on the goods and services of the company at global level.
1.
Brief description about the multinational company of the Australia
One of the multinational company WESFARMERS LIMITED of Australia which is
founded in 1914 as co-operative to give services and merchandise to the framers of western
Australia(Klabbers., 2015). It is dealing with the retail company as in providing coal
mining,chemical products and the safety product. It is one of the largest company in Australia as
in revenues by overtaking the to of the biggest company Woolworth and the BHP Billiton. Its
headquarter is in Perth in western Australia. But it also covers many areas of the country like
Bangladesh, Ireland,New Zealand, and United Kingdom. It is conglomerate industry which is
establish for the farmers association of the western Australia to takeover the assets of the west
Australia union and to be focused on the merchandise to the rural community of the Australia.
The number of the employee working in the company is about 205000 approx and 19500 at the
global level(Buchanan and Darian‐Smith., 2011). The company operation is almost cover the
areas of the supermarkets,hotels and the stores conveniences it also in the home
development ,supply in the office and the departmental stores. it is mostly chemical and
fertiliser,coal products producer. It is one of the largest company of Australia in the private
sector. The base of the shareholders is around 530000.
The aim of the company is to provide customer satisfaction by providing better quality of the
products and the services on the professional and complete manner. Another important thing to
be considered by the company is to provide safe and healthy working environment to the staff
and make them motivated by making them enjoy through rewards and incentives for their work
performance. The is always trying to create opportunities for the advancement of the members of

the company. The company is contributing to the prosperity and development of the economy in
which it operate and manage its operation in efficient manner and seeking growth for the
business. The company is trying hard to create attitudes of the community that is beneficial for
the company to maintain its business operations(Heringa and Kiiver., 2012). The major prat of
the company is that they are making a efforts to build a strong environment and make the
strategy to protect them. They are acting as integrity and loyalty in the internal as well as
external level of the company. On the 2nd February the first warehouse of the wesfarmers was
opened in united kingdom for trading.
With the 30000 products and new home improvement and the garden stores were open. The
bunning warehouse had bring great sausage sizzle to the UK. The very next few days they have
opened four stores in June and had create 120 jobs opportunities of the people of the UK. The
bunning stores the leading retailers of the company are dealing with the home improvement
products in Australia and the New Zealand with the 340millon. They wants to open its business
in the UK by investing 500million(Kanter., 2011). The store was maximum inventory of 30000
at the different home and garden lines. It was noted that 40% increase from the last year. There is
also a 19000 sq ft Garden centre and wide area of the workshop where they can learn and gain
knowledge about the tile cutting.
The policy of the company is to provide a low price products to its customers with the wide
range and services at the international level. The prime objective of the company is to deliver
healthy return to its shareholders with the management of the great portfolio and financial
techniques. The company is also ensuring that the organisation must be capable of performing
well at all the levels of the department at the domestics and the international level.
2.
Regulatory framework of the company and its affect the company
The wesfarmers is one of the largest staff operating in Australia with the business in the
overall country. The company is playing an important role towards contributing to public policy
and the natiVon Glahn, G and Taulbee, J.L., 2015onal conferences issues . For the planned
operation of the business activity the company is cooperating healthy relation with the
government agencies(Freeman and Napier., 2010). The framework of the company is dealing
with the public policy: the company is direct or indirect communication and coordination with

the relation of various issues of the society which includes: competitive regulation reform that is
based on the policy which are related with the competition of the markets and the other
companies. The retail trading hours of the wesfarmers limited are continued discuss the matter
with the western Australia government on the major issues of the retail trading which are related
with the trade restriction under the jurisdiction(Law and Jacobsen., 2010). The food and Grocery
code of the conducts of the company is the long process of negotiation with the government of
the food council the next steps is to manage the framework of the company in the context of the
regulation among the policy of the company.
The wesfarmers limited company has make his position to the government that the taxation part
must be allowed GST exemption on the export and import of the goods who's values is under
1000. the Australia competitions and the consumer commission was establish for the
management of the retails programs of the company. The coles has not able to defence the
management according to the scheduled which was commence on the 2015april. The agencies is
assessed an application for the informal clearances of the acquisition of the LPG operation . The
agencies has made enquires on the issues related with the problems. The potential environmental
non conferences was established for the time to time checking of the environmental issues and
the licensing condition . The any kind of breach are not fully met then to solve the incident the
business take a strong action to solve the damage and to make aware the regulatory body so that
any king of issues can be resolve according to the policy made by the company and the
government body(Knox and et. al., 2011). The regulatory approval from the treasurer ,Australian
securities and the investment commission are made for the divestment of the wesfarmers
insurance with the operation to the first half of the 2014. the prudential regulation of the
company to met the insurance division of the company.
There has been various rule and regulation of the wesfarmers limited company which has to be
followed by the member or the other company .so,that it must be under the regulation and
knowledge of the regulatory body.
The impact of these regulator framework of the company as in the form of the various ways like
the environmental the company are trying to produce the thinks in the ways that efficient and at
the cheapest way possible(Aad and et. al., 2015). They always lobby the government to ensure
that they can be beneficial for the country but not able to satisfy them. Another important is the
uncertainty the company are footloose which means that they can change in the shortest period

of the time. Due the legal restriction on the some of the trade of the products it create high
completion in the economy for the products of the wesfarmers limited. The legal aspects can
leads to reduce the tax liability of the company which is done through the transfer pricing . With
the high tax rate and increase them in the country at the low rate can create problems for the
company .
3.
The treaties and the agreement of the company and its impact
One of the key agreement between to sell insurance underwriting operation of the
business of the wesfarmers limited(Constantino and et. al., 2010). Under the agreement they
have agreed to sell off the Australia and the New Zealand operations of its insurances groups in
1845million. The operation of wesfarmers limited it includes the lumley and WFi brands of
growing business through the coles insurances partnership. the sale was for the number of
insurances and the conditions including the approval from the prudential regulation authority of
Australia,Australia competition and the consumer commission, RBI of New Zealand and many
others. with the successful completion of the business transaction, the company wesfarmers
limited records a pre tax profit of 700million to 750million which is expected to be includes in
the financial results for the second half of the financial year 2014.
The sell also includes the operation for coles insurances to continued with the supermarkets
under the agreement of the rest 10 years(Law and Buhalis ., 2010). It does not includes the
division broking operation in the other country the premium finding operation will remain
always to be the part of the wesfarmers limited company. The managing director of the company
had receives a number of the of interest for the concern insurances division of the operation of
the company and the major decision had been taken to follow the confidential decision with the
parties involves in the relation to the agreement to know their view points. The company believes
that the agreement for the sell of the underwriting operations is the best interested for the
shareholders of the company. By offering the operation to the customers of their businesses that
will be the great opportunity to become the part of the company as leading insurance
organisation. Because of the agreement to sell the underwriting operations of the company is
done for their outstanding efforts in the delivering the best performance in the work at devotion
to the work performance. The impact of the this agreement is done mostly on the other units of

the company that are not fully supported by the company. The insurances sell must leads to the
growth and development of the company at the future context of the company. The overall
performance of the company will not be impact most because it is Nothing to do with the
production part of the company. The major areas of the company will impact is the
manufacturing sector which are involve in the products and the services of the company . the net
profit of the after tax is increase from 13.2%. the most top performers of the company are
recorded low earning .the one of the market researchers says that the wesfarmers has reported
better than expected outcomes from the agreement . They thought that it would be help the
company to create great recovery for the company but the result cant be able to change that
much.
The growth for the company in the global level is seems to be continues changing because of the
agreement . The workers and employees are not able to be insure of their finance valuably in the
company. The competitors are also got the benefit to invest the resource in the right direction for
the maximising their own business operation with the context of the wesfarmers. But the
company is still able to manage their operation in the efficient manner.
CONCULSION
This is to be conclude that the essay is all about the multinational company
WESFARMERS limited company which a retail operation business in the Australia. Its
operation and the number of the staffs employed in it at domestic and the global level. The
company framework and the its impact on the regional of the multinational corporation and the
local authority which are liable under the 30% corporate tax(Jung and et. al., 2010). The various
agreements related with the company. like sell of insurances of underwriting operations are
mentioned clearly in this report. the various impact after the sale of the agreement on the
products and the services of the company exporting to the other company.

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