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His initial area of the property is larger than the exemption available for PPOR which is why his spare block will be subject to CGT for the period from date of purchase

If that's stumped your accountant tell him/her to look at Section 112.25 of the 1997 Act. The subdivision is not a CGT event. Therefore the acquisition date for you is the date of your contract for purchase.

Because your property is bigger than 2 hectares and you will have approx 2 ha left with your PPOR, an apportionment of the original cost will need to be calculated. Look at what methods might be available to increase your cost base