A court has weighed in on the tax treatment of the proceeds of developed land, finding the landowner did not engage in business-like conduct such that his profits should be considered income.
An appeal against a ruling that the developer of a $55M Sunshine Coast residential complex could not set off a liquidated damages claim against builder Tomkins’ pre-completion payment claim has been thrown out.
An appeals court has dismissed Sky News’ challenge to a ruling that media monitor Isentia was not liable for copyright infringement despite “wholesale copying” of content for government clients.
A stay of a barrister’s suspension remains in place despite claims she failed to lodge eight tax returns, with a tribunal saying non-compliance with tax obligations did not necessarily render a lawyer unfit to practice.
The applicant in a failed class action by members of NAB’s MLC Super fund can’t access a settlement deed in a separate class action against the fund trustee, which resolved days after the applicant’s case was thrown out.
A judge has struck out an “incoherent” COVID-19 vaccine-related class action, saying someone could go “mad” trying to understand the pleadings in the case.
After running a successful campaign to remove three board members, major Keybridge shareholder WAM Active has convinced a court to end the investment company’s administration after it provided a letter of comfort and offer to fund its debts.
ASIC has won winding up orders against investment firm Falcon Capital and its managed investment scheme First Guardian Master Fund, after raising concerns about potential risks to investors.
A judge has given the Victorian unit of Roberts Co more time to put forward a deed of company arrangement that would save the builder from liquidation, noting liquidation could imperil its projects and subcontractors, who could not bring claims under the SOP Act if it was insolvent.
Newcastle council’s concerns about the street appeal of a Woolworths development have been brushed aside, with a court finding that reasonable minds may differ on the question of ‘high visual quality.’ On Tuesday, Justice John Robson of the NSW Land and Environment Court granted the development approval sought by Woolworths’ development unit Fabcot Pty Ltd,…