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Billionaire wins tax reversal over A$280m Tasmania dairy farm
A Full Court in Tasmania has overturned a significant tax assessment against companies related to Xianfeng Lu. The decision cancels a A$23.4 million stamp duty bill that included penalties and interest. This dispute originated from the 2016 purchase of the Woolnorth dairy estate, bought for A$280 million. The ruling removes a major financial liability for the companies managing the property in no…
The Times of IndiaA 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
TOI World Desk · Oct 13, 2026