UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM SD
SPECIALIZED DISCLOSURE REPORT
BHP GROUP Limited
(Exact name of registrant as specified in its charter)
VICTORIA, AUSTRALIA | 001-09526 | |
(State or other jurisdiction of incorporation) | (Commission File Number) |
171 COLLINS STREET,
MELBOURNE, VICTORIA 3000
AUSTRALIA
(Address of principal executive offices) | (Zip code) |
Stefanie Wilkinson
+61 9609 2153
(Name and telephone number, including area code, of person to contact in connection with this report)
Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:
☐ | Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, ___________. |
☒ | Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended June 30, 2023. |
Section 2 Resource Extraction Issuer Disclosure
Item 2.01 | Resource Extraction Issuer Disclosure and Report |
BHP has a long-standing commitment to transparency. We recognise taxes are important sources of government revenue and are central to the fiscal policy and macroeconomic stability of countries. Paying the right amount of taxes and royalties enables governments to finance and deliver on national development plans for the benefit of the broader community to promote sustainable economic growth, full and productive employment, and reduce poverty and inequality within and among countries. We have disclosed details of our tax and royalty payments for more than 20 years and we have continually updated and expanded our disclosures. The Economic Contribution Report aims to provide a greater understanding of BHPs global tax profile, tax contributions and the manner in which we govern and manage our tax obligations.
BHP is relying on the alternative reporting provision of Item 2.01.
BHP is subject to DTR 4.3A of the UK Financial Conduct Authoritys Disclosure Guidance and Transparency Rules (DTR 4.3A) that implements the payments to governments requirements provided for in the EU Transparency Directive in the United Kingdom and publishes its payments to governments as part of the annual Economic Contribution Report.
Our Economic Contribution Report 2023 was submitted to the FCA National Storage Mechanism and is available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. It is also available on the BHP website at:
https://www.bhp.com/-/media/Documents/Investors/Annual-Reports/2023/230822_bhpeconomiccontributionreport2023.pdf
The payment disclosure required by Form SD is included as Exhibit 2.01 to this Form SD.
Section 3 Exhibits
Item 3.01. | Exhibits |
The following exhibit is filed as part of this report.
Exhibit 2.01 |
| Our payments to governments for the year ended June 30, 2023. Extracted sections of our Economic Contribution Report 2023 as required by Item 2.01 of this Form. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.
BHP GROUP LIMITED | ||||||||
By | /s/ Stefanie Wilkinson |
March 26, 2024 | ||||||
Name: | Stefanie Wilkinson | (Date) | ||||||
Title: | Group Company Secretary |
Exhibit 2.01 Our payments to governments
BHP has prepared this information on the basis set out in the Basis of Report preparation and Glossary sections of the Economic Contribution Report.
Payments made by country and level of government
US$M |
Corporate income tax |
Royalty- related income tax |
Total taxes paid |
Royalties | Fees | Payments for infrastructure improvements |
Total payments as defined by the UK Requirements |
Other payments |
Total payments to governments |
|||||||||||||||||||||||||||
Total payments to governments | 9,067.5 | 250.9 | 9,318.4 | 4,014.2 | 38.7 | 41.8 | 13,413.1 | 358.8 | 13,771.9 | |||||||||||||||||||||||||||
Australia | 7,729.1 | | 7,729.1 | 4,013.8 | 23.8 | 40.1 | 11,806.8 | 322.0 | 12,128.8 | |||||||||||||||||||||||||||
Australian Taxation Office | 7,729.1 | | 7,729.1 | | | | 7,729.1 | 29.4 | 7,758.5 | |||||||||||||||||||||||||||
Central Highlands Regional Council | | | | | | | | 3.3 | 3.3 | |||||||||||||||||||||||||||
City of Kalgoorlie-Boulder | | | | | | | | 0.2 | 0.2 | |||||||||||||||||||||||||||
City of Rockingham | | | | | | | | 0.1 | 0.1 | |||||||||||||||||||||||||||
Coal Mining Industry Long Service | | | | | | | | 16.9 | 16.9 | |||||||||||||||||||||||||||
Isaac Regional Council (Queensland) | | | | | | | | 6.9 | 6.9 | |||||||||||||||||||||||||||
Mackay Regional Council (Queensland) | | | | | | | | 0.5 | 0.5 | |||||||||||||||||||||||||||
Municipal Council of Roxby Downs (South Australia) | | | | | | | | 1.0 | 1.0 | |||||||||||||||||||||||||||
Muswellbrook Shire Council (New South Wales) | | | | | | 0.1 | 0.1 | 3.7 | 3.8 | |||||||||||||||||||||||||||
Shire of Ashburton (Western Australia) | | | | | | | | 0.6 | 0.6 | |||||||||||||||||||||||||||
Shire of Dundas (Western Australia) | | | | | | | | 0.1 | 0.1 | |||||||||||||||||||||||||||
Shire of East Pilbara (Western Australia) | | | | | | | | 4.9 | 4.9 | |||||||||||||||||||||||||||
Shire of Leonara (Western Australia) | | | | | | | | 0.9 | 0.9 | |||||||||||||||||||||||||||
Shire of Wiluna (Western Australia) | | | | | | | | 1.2 | 1.2 | |||||||||||||||||||||||||||
State of New South Wales | | | | 303.6 | 1.9 | | 305.5 | 7.1 | 312.6 | |||||||||||||||||||||||||||
State of Queensland | | | | 1,755.9 | 1.5 | 3.0 | 1,760.4 | 70.0 | 1,830.4 | |||||||||||||||||||||||||||
State of South Australia | | | | 98.4 | 2.1 | | 100.5 | 29.7 | 130.2 | |||||||||||||||||||||||||||
State of Victoria | | | | | | | | (7.6 | ) | (7.6 | ) | |||||||||||||||||||||||||
State of Western Australia | | | | 1,855.9 | 17.6 | 37.0 | 1,910.5 | 134.6 | 2,045.1 | |||||||||||||||||||||||||||
Town of Port Hedland (Western Australia) | | | | | | | | 17.0 | 17.0 | |||||||||||||||||||||||||||
Other Australian Governments | | | | | 0.7 | | 0.7 | 1.5 | 2.2 | |||||||||||||||||||||||||||
Brazil | 0.1 | | 0.1 | 0.4 | | | 0.5 | 2.6 | 3.1 | |||||||||||||||||||||||||||
Federal Tax Revenue Ministry | 0.1 | | 0.1 | | | | 0.1 | 2.6 | 2.7 | |||||||||||||||||||||||||||
National Mining Agency | | | | 0.4 | | | 0.4 | | 0.4 | |||||||||||||||||||||||||||
Canada | 11.9 | | 11.9 | | 8.6 | 1.1 | 21.6 | 5.2 | 26.8 | |||||||||||||||||||||||||||
Canada Revenue Agency | 11.9 | | 11.9 | | | | 11.9 | 1.8 | 13.7 | |||||||||||||||||||||||||||
Finances Quebec | | | | | | 0.1 | 0.1 | 0.1 | 0.2 | |||||||||||||||||||||||||||
Government of Saskatchewan | | | | | 8.6 | | 8.6 | 0.1 | 8.7 | |||||||||||||||||||||||||||
Ministry of Finance - Ontario | | | | | | | | 0.1 | 0.1 | |||||||||||||||||||||||||||
Rural Municipality of Leroy (Saskatchewan) | | | | | | 0.2 | 0.2 | 3.0 | 3.2 | |||||||||||||||||||||||||||
Rural Municipality of Prairie Rose (Saskatchewan) | | | | | | 0.2 | 0.2 | 0.1 | 0.3 | |||||||||||||||||||||||||||
Rural Municipality of Usborne | | | | | | 0.6 | 0.6 | | 0.6 | |||||||||||||||||||||||||||
Other Canadian Governments | | | | | | | | | | |||||||||||||||||||||||||||
Chile1 | 1,195.3 | 250.9 | 1,446.2 | | 5.4 | | 1,451.6 | 22.0 | 1,473.6 | |||||||||||||||||||||||||||
Servicio De Impuestos Internos | 1,195.3 | 250.9 | 1,446.2 | | 5.4 | | 1,451.6 | 22.0 | 1,473.6 |
China | 3.1 | | 3.1 | | | | 3.1 | | 3.1 | |||||||||||||||||||||||||||
China Tax Bureau | 3.1 | | 3.1 | | | | 3.1 | | 3.1 | |||||||||||||||||||||||||||
India | 0.7 | | 0.7 | | | | 0.7 | | 0.7 | |||||||||||||||||||||||||||
Income Tax Department | 0.7 | | 0.7 | | | | 0.7 | | 0.7 | |||||||||||||||||||||||||||
Japan | 0.4 | | 0.4 | | | | 0.4 | | 0.4 | |||||||||||||||||||||||||||
National Tax Agency | 0.4 | | 0.4 | | | | 0.4 | | 0.4 | |||||||||||||||||||||||||||
Malaysia | 1.3 | | 1.3 | | | | 1.3 | | 1.3 | |||||||||||||||||||||||||||
Inland Revenue Board | 1.3 | | 1.3 | | | | 1.3 | | 1.3 | |||||||||||||||||||||||||||
Netherlands | 0.9 | | 0.9 | | | | 0.9 | | 0.9 | |||||||||||||||||||||||||||
Tax and Customs Administration | 0.9 | | 0.9 | | | | 0.9 | | 0.9 | |||||||||||||||||||||||||||
Peru | 16.4 | | 16.4 | | | | 16.4 | 0.2 | 16.6 | |||||||||||||||||||||||||||
National Superintendency of Customs And Tax Administration | 16.4 | | 16.4 | | | | 16.4 | | 16.4 | |||||||||||||||||||||||||||
Republica Del Peru | | | | | | | | 0.2 | 0.2 | |||||||||||||||||||||||||||
Philippines | 0.7 | | 0.7 | | | | 0.7 | 0.4 | 1.1 | |||||||||||||||||||||||||||
Bureau of Internal Revenue | 0.5 | | 0.5 | | | | 0.5 | 0.4 | 0.9 | |||||||||||||||||||||||||||
Other Philippines Governments | 0.2 | | 0.2 | | | | 0.2 | | 0.2 | |||||||||||||||||||||||||||
Singapore | 92.2 | | 92.2 | | | | 92.2 | | 92.2 | |||||||||||||||||||||||||||
Inland Revenue Authority of Singapore | 92.2 | | 92.2 | | | | 92.2 | | 92.2 | |||||||||||||||||||||||||||
Switzerland | 0.2 | | 0.2 | | | | 0.2 | | 0.2 | |||||||||||||||||||||||||||
Canton of Zug | 0.2 | | 0.2 | | | | 0.2 | | 0.2 | |||||||||||||||||||||||||||
United Kingdom | 5.3 | | 5.3 | | | | 5.3 | 3.9 | 9.2 | |||||||||||||||||||||||||||
City of Westminster | | | | | | | | 0.9 | 0.9 | |||||||||||||||||||||||||||
HM Revenue & Customs | 5.3 | | 5.3 | | | | 5.3 | 3.0 | 8.3 | |||||||||||||||||||||||||||
United States of America | 9.9 | | 9.9 | | 0.9 | 0.6 | 11.4 | 2.5 | 13.9 | |||||||||||||||||||||||||||
Arizona Department of Revenue | | | | | 0.1 | | 0.1 | | 0.1 | |||||||||||||||||||||||||||
Internal Revenue Service | | | | | | | | 2.0 | 2.0 | |||||||||||||||||||||||||||
U.S. Department of The Treasury | 9.8 | | 9.8 | | | | 9.8 | | 9.8 | |||||||||||||||||||||||||||
U.S. Nuclear Regulatory Commission | | | | | 0.3 | | 0.3 | | 0.3 | |||||||||||||||||||||||||||
Utah State Tax Commission | | | | | 0.2 | | 0.2 | | 0.2 | |||||||||||||||||||||||||||
State of New Mexico | 0.1 | | 0.1 | | 0.1 | | 0.2 | | 0.2 | |||||||||||||||||||||||||||
Bureau of Land Management | | | | | 0.1 | | 0.1 | | 0.1 | |||||||||||||||||||||||||||
Pinal County | | | | | | | | 0.4 | 0.4 | |||||||||||||||||||||||||||
Other US Governments | | | | | 0.1 | 0.6 | 0.7 | 0.1 | 0.8 |
Figures are rounded to the nearest decimal point.
1 | Income and mining taxes are paid in Chile on a calendar year basis. However, for the purpose of this Report, taxes paid are included for BHPs financial year (1 July 2022 to 30 June 2023). For reference, income tax and specific tax on mining activities paid by Escondida and Pampa Norte for CY2022 amount to US$1,265.0 million (Escondida) and US$1.3 million (Pampa Norte). |
Payments made on a project-by-project basis
US$M |
Corporate income tax |
Royalty- related income tax |
Total taxes paid |
Royalties | Fees | Payments for infrastructure improvements |
Total payments as defined by the UK Requirements |
Other payments |
Total payments to governments |
|||||||||||||||||||||||||||
Total payments to governments | 9,067.5 | 250.9 | 9,318.4 | 4,014.2 | 38.7 | 41.8 | 13,413.1 | 358.8 | 13,771.9 | |||||||||||||||||||||||||||
Minerals Americas | 1,207.6 | 250.9 | 1,458.5 | 0.4 | 14.2 | 1.0 | 1,474.1 | 29.4 | 1,503.5 | |||||||||||||||||||||||||||
Escondida | 1,305.7 | 249.7 | 1,555.4 | | 0.8 | | 1,556.2 | 19.9 | 1,576.1 | |||||||||||||||||||||||||||
Other Copper | 2.7 | | 2.7 | 0.4 | 1.1 | | 4.2 | 1.0 | 5.2 | |||||||||||||||||||||||||||
Pampa Norte | (118.3 | ) | 1.2 | (117.1 | ) | | 3.7 | | (113.4 | ) | 1.2 | (112.2 | ) | |||||||||||||||||||||||
Potash Canada | | | | | 8.6 | 1.0 | 9.6 | 4.7 | 14.3 | |||||||||||||||||||||||||||
BHP Billiton Brasil Ltda1 | (0.3 | ) | | (0.3 | ) | | | | (0.3 | ) | 2.6 | 2.3 | ||||||||||||||||||||||||
RAL Cayman Inc2 | 17.8 | | 17.8 | | | | 17.8 | | 17.8 | |||||||||||||||||||||||||||
Minerals Australia | 7,670.1 | | 7,670.1 | 4,013.8 | 23.5 | 40.1 | 11,747.5 | 319.4 | 12,066.9 | |||||||||||||||||||||||||||
New South Wales Energy Coal | 590.8 | | 590.8 | 303.6 | 1.9 | 0.1 | 896.4 | 14.1 | 910.5 | |||||||||||||||||||||||||||
Nickel West | 99.3 | | 99.3 | 34.2 | 3.6 | | 137.1 | 28.2 | 165.3 | |||||||||||||||||||||||||||
Copper South Australia | 78.3 | | 78.3 | 98.4 | 2.1 | | 178.8 | 31.3 | 210.1 | |||||||||||||||||||||||||||
Other Coal | (0.8 | ) | | (0.8 | ) | | | | (0.8 | ) | 28.7 | 27.9 | ||||||||||||||||||||||||
BHP Mitsubishi Alliance3 | 1,734.4 | | 1,734.4 | 1,755.9 | 1.5 | 3.0 | 3,494.8 | 82.1 | 3,576.9 | |||||||||||||||||||||||||||
Western Australia Iron Ore | 5,168.1 | | 5,168.1 | 1,821.7 | 14.4 | 37.0 | 7,041.2 | 135.0 | 7,176.2 | |||||||||||||||||||||||||||
Group and Unallocated | 189.8 | | 189.8 | | 1.0 | 0.7 | 191.5 | 10.0 | 201.5 | |||||||||||||||||||||||||||
Corporate4 | 190.7 | | 190.7 | | | | 190.7 | 9.0 | 199.7 | |||||||||||||||||||||||||||
Commercial | 18.3 | | 18.3 | | | | 18.3 | | 18.3 | |||||||||||||||||||||||||||
Other | (19.2 | ) | | (19.2 | ) | | 1.0 | 0.7 | (17.5 | ) | 1.0 | (16.5 | ) |
Figures are rounded to the nearest decimal point.
1 | Holding company of Samarco equity accounted investment. |
2 | Holding company of Antamina equity accounted investment. |
3 | Royalties, fees and other payments made by BM Alliance Coal Operations Pty Limited have been included in total payments to the extent of BHPs ownership of the operating entity, being 50 per cent. |
4 | The corporate income tax amount predominantly reflects the allocation of the Australian corporate income tax liability among members of the Australian tax consolidated group. |
Document Information |
12 Months Ended |
---|---|
Jun. 30, 2023 | |
Document Information: | |
Document Type | 2.01 SD |
Amendment | false |
CIK | 0000811809 |
Registrant Name | BHP Group Ltd |
Period End Date | Jun. 30, 2023 |
Reporting Currency | USD |
Payments, by Category - 12 months ended Jun. 30, 2023 $ in Millions |
USD ($) |
|||
---|---|---|---|---|
Payments: | ||||
Taxes | $ 9,318.4 | |||
Royalties | 4,014.2 | |||
Fees | 38.7 | |||
Infrastructure | 41.8 | |||
Total Payments | 13,413.1 | |||
Corporate Income Tax | 9,067.5 | |||
Royalty Related Income Tax | 250.9 | |||
Other payments | 358.8 | |||
Total payments to governments | $ 13,771.9 | [1] | ||
|
Payments, by Project - 12 months ended Jun. 30, 2023 - USD ($) $ in Millions |
Taxes |
Royalties |
Fees |
Infrastructure |
Total Payments |
Corporate income tax |
Royalty-related Income tax |
Other payments |
Total payments to governments |
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total | $ 9,318.4 | $ 4,014.2 | $ 38.7 | $ 41.8 | $ 13,413.1 | $ 9,067.5 | $ 250.9 | $ 358.8 | $ 13,771.9 | [1] | ||||||||||
Minerals Americas | ||||||||||||||||||||
Total | 1,458.5 | 0.4 | 14.2 | 1.0 | 1,474.1 | 1,207.6 | 250.9 | 29.4 | 1,503.5 | |||||||||||
Minerals Americas | Escondida | ||||||||||||||||||||
Total | 1,555.4 | 0.8 | 1,556.2 | 1,305.7 | 249.7 | 19.9 | 1,576.1 | |||||||||||||
Minerals Americas | Other Copper | ||||||||||||||||||||
Total | 2.7 | 0.4 | 1.1 | 4.2 | 2.7 | 1.0 | 5.2 | |||||||||||||
Minerals Americas | Pampa Norte | ||||||||||||||||||||
Total | (117.1) | 3.7 | (113.4) | (118.3) | $ 1.2 | 1.2 | (112.2) | |||||||||||||
Minerals Americas | Potash Canada | ||||||||||||||||||||
Total | 8.6 | 1.0 | 9.6 | 4.7 | 14.3 | |||||||||||||||
Minerals Americas | BHP Billiton Brasil Ltda | ||||||||||||||||||||
Total | [2] | (0.3) | (0.3) | (0.3) | 2.6 | 2.3 | ||||||||||||||
Minerals Americas | RAL Cayman Inc | ||||||||||||||||||||
Total | [3] | 17.8 | 17.8 | 17.8 | 17.8 | |||||||||||||||
Minerals Australia | ||||||||||||||||||||
Total | 7,670.1 | 4,013.8 | 23.5 | 40.1 | 11,747.5 | 7,670.1 | 319.4 | 12,066.9 | ||||||||||||
Minerals Australia | New South Wales Energy Coal | ||||||||||||||||||||
Total | 590.8 | 303.6 | 1.9 | 0.1 | 896.4 | 590.8 | 14.1 | 910.5 | ||||||||||||
Minerals Australia | Nickel West | ||||||||||||||||||||
Total | 99.3 | 34.2 | 3.6 | 137.1 | 99.3 | 28.2 | 165.3 | |||||||||||||
Minerals Australia | Copper South Australia | ||||||||||||||||||||
Total | 78.3 | 98.4 | 2.1 | 178.8 | 78.3 | 31.3 | 210.1 | |||||||||||||
Minerals Australia | Other Coal | ||||||||||||||||||||
Total | (0.8) | (0.8) | (0.8) | 28.7 | 27.9 | |||||||||||||||
Minerals Australia | BHP Mitsubishi Alliance | ||||||||||||||||||||
Total | [4] | 1,734.4 | 1,755.9 | 1.5 | 3.0 | 3,494.8 | 1,734.4 | 82.1 | 3,576.9 | |||||||||||
Minerals Australia | Western Australia Iron Ore | ||||||||||||||||||||
Total | 5,168.1 | $ 1,821.7 | 14.4 | 37.0 | 7,041.2 | 5,168.1 | 135.0 | 7,176.2 | ||||||||||||
Group and Unallocated | ||||||||||||||||||||
Total | 189.8 | 1.0 | 0.7 | 191.5 | 189.8 | 10.0 | 201.5 | |||||||||||||
Group and Unallocated | Corporate | ||||||||||||||||||||
Total | [5] | 190.7 | 190.7 | 190.7 | 9.0 | 199.7 | ||||||||||||||
Group and Unallocated | Commercial | ||||||||||||||||||||
Total | 18.3 | 18.3 | 18.3 | 18.3 | ||||||||||||||||
Group and Unallocated | Other | ||||||||||||||||||||
Total | $ (19.2) | $ 1.0 | $ 0.7 | $ (17.5) | $ (19.2) | $ 1.0 | $ (16.5) | |||||||||||||
|
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