Do Volare status flyers get migrated with equivalent status in Miles and More?

How much of a reduction in flight time are we talking about? Arguably the most important piece of detail doesn’t seem to be mentioned in the article

In regards to bringing the goods back into Australia, the article above says this: "An item’s value is based on the price paid on its receipt"Any guidance/experience as to whether it would be the ex-GST price or the GST-inclusive price?