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Media release: Clayton Utz advises Sugar Terminals Limited on Terminal Operating Transition Agreement
1 minute
Clayton Utz is pleased to have advised Sugar Terminals Limited (STL, NSX:SUG) on its Terminal Operating Transition Agreement with Queensland Sugar Limited (QSL) for the insourcing of bulk sugar terminal operations in Queensland.
Under the agreement, control and operational assets at STL’s bulk sugar terminals are expected to transfer from QSL to STL on 1 July 2026. The transaction involved a carefully planned transition process, including the staged implementation of critical IT systems designed to minimise operational disruption ahead of the 2026 sugar crushing season.
The transition arrangements will be worked through in the period leading up to 1 July
The Clayton Utz team was led by partner Andrew Hay, alongside special counsels Andrew Holmes and Lisa Tolhurst, and senior associate Lisa Houston. Specialist input was also provided by the firm's employment team, led by partner Christy Miller, and its IT and intellectual property team, led by partner Cameron Gascoyne.
Commenting on the transaction, Andrew Hay said the transaction required careful structuring and close collaboration between all parties.
"This is a significant milestone for Sugar Terminals Limited and transformational for the broader sugar industry in Queensland," he said.
"We're proud to have supported STL on such a strategically important project."
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Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.