The fight isn’t over yet (10/2/14)

A new planning application lodged with the City of Melbourne seeks to demolish the Palace for a ‘multi-level basement and building’. The application is small enough to go straight to council without Ministerial approval needed. It may well be an attempt to knock the Palace down within height limits. We are investigating and will provide further information as soon as possible.
https://www.melbourne.vic.gov.au/BuildingandPlanning/Planning/Pages/Planningregisteronlinesearchresults.aspx?appid=207724