Wesfarmers chief executive Rob Scott says Australia’s tax settings, onerous regulatory approvals and widespread skills shortages are holding back investment.
The boss of the $75 billion West Australian-based conglomerate said he was making major bets in value-added processing for lithium, but faced serious barriers from approvals processes.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
Ronald Mizen is the Financial Review’s political correspondent, reporting from the press gallery at Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com
