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YTL Power’s case over capital gains tax on $1B sale hopeless, court finds
Tax 2023-03-24 8:59 pm By Cat Fredenburgh

The tax commissioner has convinced a judge to throw out proceedings by Malaysian power company YTL Power seeking declarations that it does not owe capital gains tax from the sale of its stake in ElectraNet Pty Ltd.

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ACCC urged to investigate Etihad for ‘greenwashing’
Climate change 2023-03-23 12:01 am By Cat Fredenburgh

A complaint has been lodged with the Australian Competition and Consumer Commission against Etihad Airways for allegedly making false or misleading statements about its greenhouse gas emissions and plans for achieving net zero emissions.

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Firm must compete to administer $192.5M PTTEP class action settlement
Class Actions 2023-03-22 9:05 pm By Cat Fredenburgh

The law firm that ran a class action over the 2009 Montara oil spill must compete to administer a $192.5 million settlement, with a judge saying a tendering process is consistent with the court’s “protective and supervisory role” in managing costs deducted from class action settlements.

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Full Court to decide scope of whistleblower laws in ex-Greenwoods partner’s $13M case
Employment 2023-03-22 11:42 pm By Cat Fredenburgh

A judge hearing a lawsuit by an ex-Greenwoods & Herbert Smith Freehills partner seeking $13 million in compensation from his former firm and Lendlease has ordered that the court first decide whether new whistleblower protections apply retrospectively.

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‘Large-scale information theft’: Latitude cyberattack worse than first reported
Privacy & Cybersecurity 2023-03-22 4:06 pm By Cat Fredenburgh

A cyberattack on Latitude Financial appears worse than first reported, with the non-bank lender revealing the data of current and former customers as well as applicants across Australia and New Zealand has been affected.

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Downer EDI faces class action threat over accounting irregularities
Construction 2023-03-21 3:29 pm By Cat Fredenburgh

Downer EDI is facing a possible shareholder class action after the construction giant revealed accounting irregularities had caused it to overstate its revenue by as much as $40 million.

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Sydney lawyer sentenced to 12 years for role in Plutus tax fraud
White Collar 2023-03-21 11:58 pm By Cat Fredenburgh

A Sydney lawyer has been sentenced to up to 12 years in prison for laundering $24 million as part of the Plutus tax fraud.

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Star Entertainment pleads guilty to Queensland gambling law violations
Gaming 2023-03-20 10:38 pm By Cat Fredenburgh

Star Entertainment has pleaded guilty in Queensland to seven charges of allowing the purchase of gambling chips with a credit card, months after being with a $100 million fine for violating the state’s gambling laws.

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Ex-Australian soldier charged with war crime in Afghanistan
Crime 2023-03-20 11:41 pm By Cat Fredenburgh

A former Australian soldier has been charged with the war crime of murder while stationed in Afghanistan, the first arrest made after the 2020 Brereton report into war crimes in Afghanistan referred 19 individuals for possible prosecution.

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High Court to hear Qld council’s appeal in class action by waterfront property owners
High Court 2023-03-17 11:31 pm By Cat Fredenburgh

The High Court has granted special leave to a Queensland council to challenge a ruling ordering it to repay owners of waterfront properties tens of thousands of dollars spent on an invalid canal maintenance levy.

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