News

No time line for Treasurer's decision on WBW stamp duty bill

QUEENSLAND Treasurer Tim Nicholls is still considering Fraser Coast Council's formal application to be exempt from a $65 million stamp duty bill.

A representative for Mr Nicholls said on Wednesday there was no time line on when a decision would be made, despite Treasury staff telling the Chronicle two weeks ago there was no chance the council would be exempt.

The council has been pursuing stamp duty exemption since February as part of its attempt to regain control of Wide Bay Water.

A 25-page formal submission for exemption was handed to Treasury in June.

Fraser Coast Mayor Gerard O'Connell could not tell the Chronicle the final cost to ratepayers to make the application but said it was "minimal".

The application includes letters from Cr O'Connell to Premier Campbell Newman, the Local Government Association of Australia and Local Government Minister David Crisafulli.

A letter included in the submission also shows Cr O'Connell intended to try to gain the support of Gladstone Regional Council.

Gladstone is the only other council in Queensland with a local government owned corporation, which is the current status of Wide Bay Water.

Former Wide Bay Water chairman Danny Mattsson, a financial planner, estimated the formal submission could have cost up to $40,000 to compile.

Mr Mattson and deputy chair Raymond Tatnell were sacked by the council last month for opposing the council's continued pursuit to take back control of WBW.

Topics:  fraser coast regional council, stamp duty, state government, treasury, wide bay water




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