WAC in waiting

WESTRALIA Airports Corporation’s (WAC) challenge to a $40.4 million stamp duty assessment will be heard in the Supreme Court later this year.

The news has been welcomed by WAC, which has objected to the assessment on the grounds that the basis of the assessment was flawed.

It’s understood the trial could take place as early as November this year.

WAC chief executive officer Graham Muir said the issue had remained unresolved for too long, which had caused major difficulties.

“It gives WAC the opportunity to vindicated its rights to overturn the assessment,” Mr Muir said.

“The Commissioner of State Revenue has had our objection for almost seven months and had more than adequate opportunity to address the issues before him.

“However, our objection remains unresolved and we have had no indication as to when it will be resolved.

“WAC has a $40.4 million burden hanging over its head and the business of the airport is being prejudiced – this impacts not only on WAC’s shareholders but on all who live in this isolated State.”