Update on ATO Audit

Ventia Services Group Limited
ABN 53 603 253 541

Level 8, 80 Pacific Highway
North Sydney NSW 2060
AUSTRALIA

ventia.com
ASX and NZX Release


29 April 2022

Update on ATO Audit
The ATO has completed its audit (referred to in Ventia Services Group Limited’s (Ventia) recent prospectus) of
the tax affairs of Broadspectrum Pty Limited (BRS), now part of the Ventia Group following the acquisition of the
Broadspectrum group of companies, for the income years 1 July 2012 to 31 December 2017.
The ATO was reviewing the way in which BRS allocated profits associated with historical Regional Processing
Centre (RPC) contracts between Australia and the RPC jurisdictions (Nauru and Manus Island) for tax purposes.
At the time of Ventia’s prospectus, the ATO was evaluating whether to cancel carry forward losses with a tax
effected value of up to $101 million and, in addition, whether to assess for up to $107 million of cash tax payable.
The ATO has accepted the position taken by BRS and concluded that no changes should be made to the BRS
income tax assessments for the years subject to audit. Accordingly, no incremental cash tax is payable for the
audit years. Ventia will assess to what extent (if any) the ATO decision impacts Ventia’s recorded tax position.

This announcement was authorised by the Disclosure Committee.

-Ends-

For further information, please contact:

Investors Media
Chantal Travers Sarah McCarthy
General Manager Investor Relations General Manager Brand, Marketing & Communications
chantal.travers@ventia.com sarah.mccarthy@ventia.com
+61 428 822 375 +61 400 993 542


About Ventia
Ventia is a leading essential infrastructure services provider in Australia and New Zealand, proudly providing the services that
keeps infrastructure working for our communities. Ventia has access to a combined workforce of more than 35,000 people,
operating in over 400 sites across Australia and New Zealand. With a strategy to redefine service excellence by being client-
focused, innovative and sustainable, Ventia operates across a broad range of industry segments, including defence, social
infrastructure, water, electricity and gas, resources, telecommunications and transport.