Qld Treasury officially says no to $65m stamp duty exemption
THE Queensland Treasury has finally given a firm no to the Fraser Coast Council in its latest attempt to gain exemption from a $65 million stamp duty bill.
The council was told in February it would face the bill if it continued to try to take back control of Wide Bay Water. It made an official application for exemption in June and Fraser Coast Mayor Gerard O'Connell met with Treasury officials last month.
In a letter sent to the council on Monday, Under Treasurer Helen Gluer said it would not be appropriate to grant exemption.
"To provide ex-gratia relief from duty ... would establish a significant precedent."