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Miner wins tax dispute

MINING company OZ Minerals has become the latest business to overturn a stamp duty assessment by the state tax office based on the contentious ‘land rich’ tax provisions.

It joins companies as diverse as Brookfield Rail, AGL, Origin Energy, and Westralia Airports Corporation in appealing successfully against ‘land rich’ tax assessments.

In each of these cases, a key issue has been the definition of ‘land’ and whether it is subject to stamp duty.

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OZ Minerals (OZL)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/17

1 year TSR5 year TSR
281stOZ Minerals23%3%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

th-OZ Minerals$1,060.2m
76 listed non wa companies ranked by revenue.
Source: Morningstar

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