An appeals court has found that an unpaid present entitlement to a corporate beneficiary is not a loan under tax law, upending the ATO’s longstanding practice of treating UPEs as part of a trustee’s assessable income.
A former TechnologyOne executive has lost his application for special leave to appeal a judgment throwing out a $5.2 million bullying judgment in his favour, but has vowed to seek up to $25 million in a retrial against his former employer.
A former senior executive of TechnologyOne wants the High Court to take up his unfair dismissal case after the software company won its challenge to his $5.2 million win.
Australian software company TechnologyOne has succeeded in its challenge to a $5.2 million judgment in an unfair dismissal case by a former high ranking executive, with an appeals court sending the matter back for a retrial.