BECTON Property Group said it will fight the Victorian Government’s State Revenue Office assessment that the company owes $9.8 million.
The $9.8 million bill relates to the investigation by the SRO into the acquisition of Becton Properties Limited by Becton Property Group on 1 July 2005 when Becton floated on the Australian Securities Exchange.
Becton’s boss Matthew Chun said the company is not liable to pay this duty and intends to vigorously challenge the assessment.
“The SRO has confirmed to Becton that, if an objection to the assessment is lodged by 30 July 2011, payment will only be required if it is ultimately confirmed, following all objections and appeals, that a liability exists.
“Becton intends to lodge an objection to the assessment by 30 July 2011,” he concluded.
Australian Property Journal
