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Soul Patts’ Millner rails against secretive new laws

Two words are frightening senior Australian executives; few are willing to say them publicly. The words are “nature positive”.

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Robert Millner’s had a gutful. The long-time chairman of four ASX-listed companies, together worth more than $20 billion combined and a billionaire in his own right, thinks Australia is doing what it can to waste a blessed financial and economic position built up by decades of economic growth.

What really has a bee in his bonnet is the government’s proposed “nature-positive” reforms. The laws are pitched as well intended – better protect the environment, allow for faster decision-making and restore integrity and trust in environmental laws – but are wrapped up in a veil of secrecy that has Millner and other senior business leaders and investors fearing the worst.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/chanticleer/soul-patts-millner-rails-against-secretive-new-laws-20240327-p5ffmi