Did you order the bike from Chain Reaction in the end. Was wondering how they packed the bike. I've ordered a complete bike from Wiggle before and they packed it really well. It came in 2 boxes, the frame came in one box and the wheels came in another box.
I have ordered a few bikes from various places, always came in one box, and sometimes you get hit with GST and sometimes you get away with it...dunno how the system works...maybe just luck of the draw?