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The Guardian - AU
The Guardian - AU
National
Jonathan Barrett Senior business reporter

Billionaire mining boss says it was ‘regrettable’ he didn’t disclose overseas revenue to ATO

Mineral Resources founder Chris Ellison
Mineral Resources founder Chris Ellison says he and his business partners operated overseas entities to purchase mining equipment to import and sell in Australia prior to the company’s listing in 2006. Photograph: Mineral Resources/AAP

Chris Ellison, the billionaire mining boss who banned flexible work and dissuades employees from leaving the office for coffee, said he regrets a decision not to disclose revenue generated by overseas entities to tax authorities.

The Mineral Resources founder said that he and his business partners operated overseas entities to purchase mining equipment to import and sell in Australia prior to the company’s listing in 2006.

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