I think the one high profile businessman in Australia who actually understands the game the Chinese like to play is Clive Palmer. From the ramblings it seems like Citic Pacific came here and tried to take Clive Palmer's mining leases for what they worth and got played for all they're worth in return. In getting burned big time they are trying to take him down on a technicality relative pocket money that's been allegedly misappropriated.
But at least Citic got a mine out of it
Seems to me that Qantas didn't get anything out of Jetstar HKG, just the opportunity to do some LCC ground work with an interested partner, MU, who then decided to start up their own LCC. Seems like MU did well out of this, saved them a lot of R&D and groundwork.