UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
February 13, 2018
| BHP BILLITON LIMITED (ABN 49 004 028 077) (Exact name of Registrant as specified in its charter)
VICTORIA, AUSTRALIA (Jurisdiction of incorporation or organisation)
171 COLLINS STREET, MELBOURNE, (Address of principal executive offices) |
BHP BILLITON PLC (REG. NO. 3196209) (Exact name of Registrant as specified in its charter)
ENGLAND AND WALES (Jurisdiction of incorporation or organisation)
NOVA SOUTH, 160 VICTORIA STREET LONDON, SW1E 5LB UNITED KINGDOM (Address of principal executive offices) |
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: ☒ Form 20-F ☐ Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: ☐ Yes ☒ No
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a
NEWS RELEASE
| Release Time | IMMEDIATE | |
| Date | 13 February 2018 | |
| Location | Melbourne, Australia | |
| Release Number | 02/18 | |
US TAX REFORM
As a result of the US Tax Cuts and Jobs Act introducing a reduction in the US Federal corporate income tax rate from 35 per cent to 21 per cent as well as other measures, including changes to international tax provisions, BHP expects to recognise an income tax expense of US$1.8 billion which will be treated as an exceptional item. The two main components of this exceptional item are expected to be:
| • | a non-cash re-measurement of deferred taxes as a result of the reduction in the US Federal corporate income tax rate of US$898 million; and |
| • | a non-cash impairment of foreign tax credits due to reduced forecast utilisation of US$834 million. |
The US tax reform will have a positive impact on the Group’s US attributable profits in the longer term mainly due to the lower corporate tax rate.
Further information on BHP can be found at: bhp.com
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| Media Relations | Investor Relations
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| Email: media.relations@bhpbilliton.com
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Email: investor.relations@bhpbilliton.com
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| Australia and Asia
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Australia and Asia
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| Ben Pratt | Tara Dines | |
| Tel: +61 3 9609 3672 Mobile: +61 419 968 734
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Tel: +61 3 9609 2222 Mobile: +61 499 249 005
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| United Kingdom and South Africa
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United Kingdom and South Africa | |
| Neil Burrows Tel: +44 20 7802 7484 Mobile: +44 7786 661 683
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Rob Clifford Tel: +44 20 7802 4131 Mobile: +44 7788 308 844
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| North America
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Americas
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| Judy Dane | James Wear | |
| Tel: +1 713 961 8283 Mobile: +1 713 299 5342
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Tel: +1 713 993 3737 Mobile: +1 347 882 3011
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| BHP Billiton Limited ABN 49 004 028 077 | BHP Billiton Plc Registration number 3196209 | |
| LEI WZE1WSENV6JSZFK0JC28 | LEI 549300C116EOWV835768 | |
| Registered in Australia | Registered in England and Wales | |
| Registered Office: Level 18, 171 Collins Street | Registered Office: Nova South, 160 Victoria Street | |
| Melbourne Victoria 3000 Australia | London SW1E 5LB United Kingdom | |
| Tel +61 1300 55 4757 Fax +61 3 9609 3015 | Tel +44 20 7802 4000 Fax +44 20 7802 4111 |
Members of the BHP Group which is
headquartered in Australia
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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 undersigned, thereunto duly authorized.
| BHP Billiton Limited and BHP Billiton Plc | ||||||
| Date: | February 13, 2018 | By: | /s/ Rachel Agnew | |||
| Name: | Rachel Agnew | |||||
| Title: | Company Secretary | |||||