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Ord Minnett challenges ruling on wealth advisor’s wage entitlements
Financial Services 2024-06-28 1:43 pm By Cat Fredenburgh

Stockbroking firm Ord Minnett has challenged a judgment that found it must pay years of wages and other entitlements to a wealth adviser who was only remunerated by commission payments, a decision that could have major repercussions through the industry.

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ATO whistleblower loses appeal over bid for immunity
Tax 2024-06-28 2:46 pm By Cindy Cameronne

A former ATO worker who accused his employer of using heavy handed debt collection tactics against taxpayers has lost his second bid for immunity from prosecution, with an appeals court finding that whistleblowing laws only protect the disclosure itself. 

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Ten agrees to $1.3M haircut on legal costs won against Bruce Lehrmann
Defamation 2024-06-27 3:07 pm By Cindy Cameronne

Network Ten has won $2 million in costs against Bruce Lehrmann in his failed defamation case over the broadcaster’s coverage of Brittany Higgins’ rape allegations, after agreeing to a substantial haircut on its $3.7 million legal bill.

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Full Court finds bottling agreement payments to PepsiCo’s not taxable royalties
Tax 2024-06-26 11:39 pm By Cindy Cameronne

In a loss for the Australian Taxation Office, the Full Federal Court has found that payments made by Asahi Breweries-owned Schweppes to PepsiCo under agreements to sell brands such as Pepsi and Mountain Dew in Australia were not subject to a royalty withholding tax. 

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AFP officers drop defamation case against Lehrmann prosecutor Shane Drumgold
Defamation 2024-06-26 11:27 pm By Cindy Cameronne

Five federal officers have dropped their defamation case against former ACT prosecutor Shane Drumgold over his complaint concerning their investigation into Brittany Higgins’ sexual assault claims against Bruce Lehrmann.

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Google attacked for ‘untruthful evidence’, failure to call top execs in Epic Games trial
Trials 2024-06-25 11:55 pm By Sam Matthews

Epic Games has taken aim at Google for the “untruthful evidence” of its witnesses in the game maker’s competition case against the tech giant, as well as its failure to call senior executives to the stand to defend itself. 

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CBA shareholders appeal trial loss in money laundering class actions
Class Actions 2024-06-25 11:16 pm By Cat Fredenburgh

Shareholders of Commonwealth Bank have lodged expected appeals challenging a decision tossing their class actions over alleged lax money laundering compliance, giving the Full Federal Court a chance to clarify when companies must disclose regulatory investigations.

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‘Alarming’: ASIC suspects ex-Keystone boss may have used investor funds to buy home
Financial Services 2024-06-25 11:29 pm By Cindy Cameronne

A judge has expressed concern about the Australian Securities and Investments Commission’s suspicion that a former director of Keystone Asset Management may have used investor funds to purchase a house in his wife’s name, calling it “alarming”.

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Judge slashes plaintiffs’ costs in Sydney light rail class action
Class Actions 2024-06-25 10:55 pm By Cindy Cameronne

A judge has ordered Transport for NSW to only pay 65 per cent of the costs of a class action over Sydney’s $3 billion light rail construction, finding it was not inappropriate to apportion costs even though the plaintiffs were largely successful.

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No docs, no Tim Cook: Epic Games assails Apple’s ‘contrived’ defence in trial’s closing arguments
Trials 2024-06-24 11:11 pm By Sam Matthews

Video game maker Epic Games has attacked as “entirely contrived” the defence by Apple in closing submissions in a Federal Court trial of its landmark competition case, pointing to the tech giant’s lack of evidence, including from CEO Tim Cook.

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