Say you're a major Australian company. And say you've just wasted over $1 billion on a dud foreign venture. What better way to balance the books than to have your own bespoke business lobby group argue for a company tax cut that will deliver you a major windfall?
As Crikey has pointed out previously, the Business Council of Australia is very much a Wesfarmers show. We've even had leaders of other business lobby groups complain about the dominance of Wesfarmers at the BCA. Up to the end of 2017, Wesfarmers had more members of the BCA than any other company -- chairman Michael Chaney is a former Council head, director Jennifer Westacott is BCA CEO and director Richard Goyder was Wesfarmers CEO from 2005 to the end of last year.