Dhanushka Jayawardena

Expertise

Dhanushka is an experienced tax lawyer and Chartered Tax Adviser advising on all Australian taxation aspects of mergers and acquisitions, funds management, real estate, insolvency and restructuring, and finance. He is also a member of the technical working group within the Tax Institute’s NSW State Council.

Experience

Dhanushka’s experience includes advising:

• AXA Investment Managers on the income tax and stamp duty aspects of:
  • their joint acquisition of the Moorebank Logistics Park from Qube Holdings Limited for A$1.67 billion with the investor consortium led by LOGOS Group
  • their investment in purpose-built student accommodation assets managed by Scape and under a joint venture with other investors for A$2.2 billion
• PNC Bank on the application of the interest withholding tax provisions, and the Australian public offer exemption, on the refinance of US$553 million and A$810 million in facilities for a multinational group
• Petra Capital on the tax aspects of its partially underwritten A$694 million capital raising for Stanmore Resources
• Ankura as administrators for Kikki.K on the GST aspects of the sale of 30 Australian stores to Brandbank Group
• Summit Partners and a.k.a Brands on the tax aspects of a cross-border syndicated facility in connection with an A$2 billion initial public offering on the New York Stock Exchange
• Paspaley Pearls on the income tax and stamp duty aspects of its joint venture with the Northern Territory Government to construct a ship-lift capable of accommodating vessels up to 3,500 tonnes (project value of A$400 million), including advising on structuring alternatives and exit options
• OZ Minerals Ltd (ASX:OZL) on the tax aspects in securing an A$300 million revolving cash advance syndicated facility
• University of Tasmania on the tax aspects of establishing an A$329 million co-operative research centre
• FC Capital on the establishment of a new AMIT-compliant fund, the FC Senior Credit Income Fund, with a target size of A$300 million – A$500 million
• SENEC GmbH on the tax aspects of its exit from the Australian market
• Arri Group on the tax aspects of new business operations in Australia
• Giesecke+Devrient on the income tax aspects of selling cash handling units to Australian businesses
• Piety Group on the GST and stamp duty aspects of the sale of the InterContinental Hotel at Double Bay for more than A$215 million
• BMW Australia on the tax-effective establishment of its novated leasing program across its Australian customer base
• Centuria (ASX:CNI) on the tax aspects of a series of hedging arrangements and cross-border facilities with a collective deal value of A$699.2 million
• 86 400 Holdings Ltd on various tax aspects including its entry into a scheme implementation agreement with NAB under which NAB acquired the remaining shares in 86 400 for A$220 million
• Abacus Property Group on the stamp duty aspects on the acquisition of 99 Walker Street, North Sydney for A$311.3 million
• Hayberry Global Fund on the tax consequences of potential fund structures intended to raise capital between A$150 million and A$200 million
• Solium, a shareholder of Quadrant Energy, on the income tax aspects of the sale to Santos (ASX:STO) for a collective value of A$2.9 billion
• Mazda Australia on the securitisation of vendor financing arrangements in relation to vehicles sold to Australian dealers (approx. 120,000 vehicles in the Australian market annually with respective dealer receivables outstanding averaging between A$381 million and A$438 million).

Membership

The Tax Institute, Australia