Company: SQM
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0000909037-25-000020
Chunk: 88

Company: CHEMICAL & MINING CO OF CHILE INC
Filing Date: 2025-04-24
Form: 20-F
Item: Item 4
Chunk 88
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 Discrimination Act 1975. These laws are administered by the Australian Human Rights Commission, which operates under the Australian Human Rights Commission Act 1986 to fulfil Australia’s role in complying with international human rights covenants to which it is a party. Australia has agreed to implement the United Nations Guiding Principles on Business and Human Rights (“UNGPs”). By implementing the UNGPs, entities have a responsibility to respect human rights in their operations and supply chains. The Modern Slavery Act 2018 (Cth) requires Australian companies (with annual consolidated revenue of at least A$100 million) to disclose actions taken to assess and address modern slavery risks in their business and supply chains. 
Indigenous Peoples
The Aboriginal Heritage Act 2021 (WA) (“AH Act”) and the Native Title Act 1993 (Cth) (“NT Act”) govern obligations relating to Aboriginal heritage and native title when undertaking activities on Australian land. 
The AH Act protects and manages Aboriginal cultural heritage sites by requiring approval for activities that may impact or cause harm to Aboriginal heritage (such as archaeological and ethnographic sites which are of significance to Aboriginal people). Before undertaking activities on land in Western Australia, SQM is required to survey the lands for Aboriginal cultural heritage, which includes both tangible and intangible cultural heritage. Under the AH Act, if an Aboriginal heritage site is identified, there is a regime for permits and approvals to disturb or destroy Aboriginal heritage sites. Under section 18 of the AH Act, the Minister determines whether to grant the party with tenure (over the land where Aboriginal heritage has been identified) permission to impact Aboriginal heritage sites, i.e. by undertaking mining activities. 
The NT Act allows indigenous groups to seek legal recognition of their traditional rights over land and waters by providing a process to make Native Titles claims in the Federal Court of Australia. The NT Act regulates how land can be used or developed in areas where native title is claimed or exists. "Future acts" such as development or mining on native title land must undergo a process of consultation. This consultation process is a prerequisite before undertaking development activities, including exploration and mining. The Act also provides for obtaining consent from native title holders through negotiation and agreements regarding the use of land or waters and can include arrangements for land access, compensation, and other conditions related to native title.
Foreign Investment
Under the Foreign Acquisitions and Takeovers Act 2021 (Cth), foreign investment in Australian mining projects is subject to review by the Australian Foreign Investment Review Board (FIRB) to determine