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A billionaire who bought Tasmania’s Woolnorth dairy for A$280 million in 2016 has won a tax reversal: a full court overturned the case that had left his companies facing A$23.4 million including penalties and interest

A Full Court in Tasmania has overturned a multi-million-dollar tax assessment against companies linked to billionaire businessman Xianfeng Lu. The decision cancels a disputed A$23.4 million stamp duty...

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October 14, 2026

Browsing Tag: Tasmanias

A billionaire who bought Tasmania’s Woolnorth dairy for A$280 million in 2016 has won a tax reversal: a full court overturned the case that had left his companies facing A$23.4 million including penalties and interest