CEO resigns, Airport to pay $1.7M to council

AT ITS board meeting on Monday Gladstone Airport Corporation approved payment of almost $1.7M to the Gladstone Regional Council.

It is the first of three annual payments that will be made in respect of tax equivalents and competitive neutrality fees by the airport corporation.

GAC as a corporation does not pay tax to the federal Government and the Australian Taxation Office, but must pay the equivalent of corporate taxes to its shareholder GRC, a statement from the corporation said.

GAC Chairman David Hamill said this payment represents a return to ratepayers based on the profitable operation of the airport.

The board has also received the resignation of Phillip Cash as the CEO of GAC.

Gladstone Airport former CEO Phillip Cash.
Gladstone Airport former CEO Phillip Cash. Mike Richards GLA201114ACOF

They will appoint a successor.

"Mr Cash is a highly experienced airport manager who has made a significant contribution to the airport both in terms of its facilities and operations during the four years in which he fulfilled that role. We wish him well for the future," the statement went on to say.

The board has appointed Terry Dower, an operations manager in the capacity of interim CEO in order to ensure the continued safe and smooth running of the airport.


Humungous grants for Darling Downs and southwest community groups

Premium Content Humungous grants for Darling Downs and southwest community...

Hundreds of thousands of dollars are being spent on community groups and councils...

Meatworks to quadruple output in exciting expansion project

Premium Content Meatworks to quadruple output in exciting expansion project

Charleville’s biggest employer is set to receive a massive expansion which will...

Landmark $440m settlement for 2011 flood victims

Premium Content Landmark $440m settlement for 2011 flood victims

Queensland flood victims seeking compensation have reached a major milestone