4.78 MB - Perth Airport

SIGNIFICANT CHANGES IN THE STATE OF AFFAIRS
Other than reported below, there were no significant changes in the nature of the consolidated entity’s activities during the year.
Perth Airport Property Trust
During the year, WAC secured the necessary Senior Lender, Shareholder and Board approvals for the creation of the Perth Airport Property Trust
(PAPT). PAPT has been created as an alternative structure to facilitate the development and funding of WAC’s extensive non-aeronautical land.
While such funding is on a non-recourse basis to WAC, the structure enables WAC and its shareholders to continue to benefit financially from
property development activities.
The Perth Airport Property Trust (PAPT) was established on 5 April 2005.
LIKELY DEVELOPMENTS AND EXPECTED RESULTS OF OPERATIONS
Information on likely developments in the operations of the consolidated entity and the expected results of operations have not been included in
this report because the directors believe it would be likely to result in unreasonable prejudice to the consolidated entity.
ENVIRONMENTAL REGULATION
WAC is subject to environmental legislation for its land development and operations. This legislation includes:
• Airports Act 1996;
• Airports (Environmental Protection) Regulations 1997;
• Environmental Protection and Biodiversity Conservation Act 1999 (EPBC).
1. Environment Strategy and Reporting
WAC’s Environment Strategy has been reviewed based on input received during the public comment period. The Draft Environmental Strategy
was submitted to the Minister for Transport and Regional Services and formally approved on 15 July 2004.
An Annual Environmental Report was submitted to the Department of Transport and Regional Services in October 2004 in fulfilment of the
requirements under the Airports (Environmental Protection) Regulations 1997. Part of this report covered incidents which may put at risk the quality
of air, water, land and vegetation in the airport precinct.
National Pollutant Inventory (NPI) reporting was also undertaken under the requirements of the National Environmental Protection Measures
(Implementation) Act 1998. A report was submitted to the Western Australian Department of Environmental Protection in September 2004.
2. Land Development Approvals
All development approvals initiated in the 2004/05 year complied with the Airports Act 1996, the Airports (Environmental Protection)
Regulations 1997 and the Environmental Protection and Biodiversity Conservation Act 1999.
3. Environmental Protection
During the year there were no known breaches of the requirements of the Airports (Environmental Protection) Regulations 1997, the EPBC
Act 1999.
4. Dangerous Goods
Dangerous Goods Licences are required under the Western Australian Dangerous Goods Regulations 1992 for the fuel storage facilities
operated by WAC at the airport. All WAC owned facilities are currently licensed in accordance with these Regulations.
Additionally all leased facilities developed during the 2004/05 year have been approved in accordance with the requirements of the
Western Australian Department of Minerals and Energy.
5. Incidents
WAC recorded a number of incidents during the 2004/2005 year, none of which were assessed as having serious consequences and/or long
term impact on the environment. Details may be found in the Annual Environmental Report.
6. Non-Compliance Notices/Prosecutions
No injunctions, notices or prosecutions were issued by any State or Commonwealth Environmental Protection Agency in respect of any activity
or operation conducted at the airport over the past year.
The board receives regular reports on compliance with environmental requirements.
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