The GST was already paid, QF were chasing a refund so this will have no effect on the books. Using only the figures provided, cause I couldn`t be bothered looking up the actual ones.
$26.6 million owed by the group (Qantas AND Jetstar) plus another $7.6 million.
That equals $34 million.
QF revenues of $14.6 billion 10/11, so you would expect more last year.
JQ revenue of $2.14 billion for the same period.
So JQ`s GST component is 1/7th of QF`s. Yet 78% of the bill is JQ`s??
So trying to attribute $26 million of the fine to JQ is a pushing the limits even for the usual JQ bashers.
Seeing as QF INTL lost all of our profit, then I think we should have got the refund anyway.
