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Governance

Our policies and management systems lay the foundations for our culture of shared responsibility and accountability.

Meeting our obligations with considered approach and thoughtful action

Our focus is to meet the changing expectations and demands of our customers, stakeholders and communities, and we work collaboratively to continuously improve our operational, environmental and social performance. At Port Waratah we believe that we are obliged to operate responsibly and sustainably, and we encourage a culture of shared responsibility and accountability through all levels of our business.

Our Governance Framework

Port Waratah is an unlisted company overseen by a Board of Directors who represent a range of our shareholders. The Board determines and monitors our strategic direction to ensure we meet legal and social responsibilities. Our Governance Framework involves all levels of our organisation having a role in identifying, reviewing, and managing risks and opportunities aligned to our values and key business drivers.

Specific policy documents are available below:

Government and business relations

We work constructively with local, State and Federal Governments to drive positive outcomes for our industry and the Newcastle Region.

Port Waratah is regulated through a range of development consent and licensing conditions with the NSW Department of Planning and Environment, as well as the NSW Environment Protection Authority. We also work closely with a number of government agencies including the Australian Competition and Consumer Commission (ACCC) and NSW Port Authority. To ensure compliance with our maritime security legislation, we partner with authorities such as the Australian Federal Police, Australian Customs and the Australian Quarantine and Inspection Service.

We actively engage with local agencies and industry groups, including City of Newcastle, to share our views on specific issues that impact our organisation, stakeholders, industry or region. At times, we may host elected members of parliament on our sites on request or for discussion of specific issues material to our operations however, we do not support any political viewpoint or party and do not make political donations of any kind. We respect the right of private citizens and organisations to express their individual views and opinions on any issue, as long it is done in a way which is respectful and legal.

Port Waratah participates in local business and economic networks, including Business Hunter, Committee for the Hunter, HunterNet, Port of Newcastle Community Liaison Group, Newcastle Community Consultative Committee on the Environment (NCCCE). We build relationships with these organisations as they support local businesses and economic development in our region.

Commercial practice

Port Waratah is party to the Capacity Framework Arrangements at the Port of Newcastle.

The Capacity Framework Arrangements were granted by the Australian Competition and Consumer Commission (ACCC) in 2009. This long-term solution to ongoing capacity constraints in the Hunter Valley Coal Chain was made with Newcastle Coal Infrastructure Group (NCIG) and the Newcastle Port Corporation to give effect to port capacity arrangements and permission to apply industry levies where appropriate. The framework also impedes anti-competitive behaviour and Port Waratah has not been subject to any legal proceedings in relation to the framework.

We do not allow Port Waratah’s agents or employees to receive gifts that may be perceived as influencing their duty to act in the best interests of Port Waratah. We do not tolerate corruption in any form. While we will always seek to enter into commercially favourable agreements, we do this on the condition that they are not at the expense of our organisational values or business drivers.