Malcolm Turnbull rebukes Brendon Grylls on iron ore tax

Malcolm Turnbull meets Myanmar’s Aung San Suu Kyi at the Laos summit

Malcolm Turnbull has reprimanded Brendon Grylls' proposed $5 iron metal commitment on Rio Tinto and BHP Billiton, saying it would incapacitate speculation and lessening WA's competitiveness.Speaking in Vientiane, Laos, where he was setting off toward the East Asia Summit, the Prime Minister moved closer the WA Nationals pioneer to reconsider his course of action. 

"It's a State issue, plainly, regardless we see with extraordinary anxiety, as does the entire business amass, the hindrance of broadly augmented expenses on specific, doled out affiliations," Mr Turnbull said. 

"It clearly sends an amazingly irritating message to mining affiliations and diverse individuals considering making entire arrangement investment."nder the suggestion, the 25¢-a-ton "creation rent" on iron metal would expansion to $5 a ton for the two greatest excavators, conveying $7.2 billion more than four years. 

Mr Grylls has battled that the strategy may goad tries to get WA a more important offer of GST compensation. 

Head Colin Barnett has rejected the arrangement however Rio Tinto and BHP Billiton dread it might increase obvious backing before one year from now's State decision. 

Mr Turnbull said Mr Grylls ought to consider how his course of action would affect WA past the brief pay. "It's a State matter, however what Brendon Grylls necessities to consider accurately is the effect of what he is proposing in general arrangement eagerness for his State whereupon the State's success has depended," he saidr Grylls said the PM was "no companion of Western Australia" and that his $5 expense was the rule other contrasting option to tending to the State's major insufficiency. 

"This is a Prime Minister who named WA's GST silly and a while later did nothing about it," Mr Grylls said. "It is WA's staggering GST offer which is the best test to the State's forcefulness." 

make WA the most dazing saddling mining ward on the planet. 

BHP Billiton's head of mining in Australia, Mike Henry, said the commitment undermined occupations and speculation when WA could scarcest bear the cost of it.