From www.claytonutz.com: The NSW Court of Appeal’s judgment in Conexa Sydney Holdings Pty Ltd v Chief Commissioner of State Revenue classified a pipeline affixed to land as “land” despite its separate ownership, establishing a conceptual framework with implications for property law beyond the case.

This ruling affects stamp duty payments, income tax obligations for foreign residents, and potentially alters rights for third parties regarding their interests in assets fixed to land.

The decision underscores that general law allows for separate ownership of items fixed to land, indicating significant legal consequences across various sectors.