just what is going on here?

FIRB preliminary decision which was to be delivered on March 21 was given a 90 day deferral.
On March 27 Swan declares that deal cannot proceed because of proximity to Woomera which jeopardises the bank refinancing decision due on March 31.

Are we really expected to believe that after FIRB had deliberated for 30 days that they failed to realise PH was on leased Defence land? And having not realised that fact after 30 days that they called for a 90 day extension but were amazingly able to deliver a decision 5 days later?

Why couldn't a decision have been given 24 hours after initial lodgement by MM?

And why couldn't they have delayed the refusal until after March 31 re-financing deadline?

To paraphrase Shakespeare's Hamlet -
Something is rotten in state of Australia.