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Shell’s Australian arm has succeeded in challenging a finding by the ATO that it needed to pay an additional $99 million in capital gains tax after it disposed of its 34.27 per cent holding in Woodside Petroleum.
Construction PRO
A judge has granted Hassall Developments' bid to join insurance broker Arthur J. Gallagher to a lawsuit against QBE over an $80 million special risks policy after “serious defects” were allegedly found in its Imperial Towers development in Parramatta.
A judge has slapped payday lenders BSF, Cigno and their directors with a combined $7 million in penalties for engaging in unlicensed credit activity, finding a lower penalty was appropriate given they had relied on legal advice from Piper Alderman.
Construction PRO
A director can't escape an oral examination by the liquidator of collapsed construction company Symich Building on medical grounds, with a judge saying the doctor who certified her as unfit seemed to misunderstand that examinations are “adversarial in nature”.
A judge has dismissed objections to ASIC’s evidence ahead of a penalty hearing in its case against BSF Solutions, Cigno and two directors, saying they were “not entitled to save up any such complaint” until after the liability hearing.
Construction PRO
Developer Vantager has been ordered to sell off six properties to satisfy a judgment debt and compensate buyers who overpaid for a Denham Court property by more than $34 million due to what the court called the developer's "brazen fraud and dishonesty".
A class action against CMC Markets got the go-ahead Thursday to add new claims in its case centred on risky financial products, after trawling through 27,000 documents produced by the trading platform.
Construction PRO
A judge has called the conduct of the director of property group Vantager “breathtaking” in its “brazen dishonesty” after he misappropriated $33 million from a $45 million property sale with the help from his accountant.
Construction PRO
The liquidators of a defunct developer FSM have lost their bid to access unredacted copies of emails between Ray White Capital and King & Wood Mallesons.
A judge has ordered that a $5 million penalty ASIC won against Noumi be made available for distribution to group members in a class action against the food giant, on top of a $43 million settlement.