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Moreton wins appeal over R&D tax credits for failed coal gasification project
Article 2019-07-31 3:39 pm By Miklos Bolza

Australian coal miner Moreton Resources has won a Full Federal Court appeal over tax offsets it claims are owed over a failed pilot project testing underground coal gasification, a process which was ultimately banned in Queensland.

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Judge says shareholder class action against Brambles ‘taking too long’
Class Actions 2019-07-31 2:43 pm By Christine Caulfield

A judge overseeing a consolidated shareholder class action against logistics company Brambles has expressed frustration with the parties, who are locked in an unresolved discovery battle three months after his order consolidating the litigation.

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Judge rejects ‘arguably excessive’ funder’s commission in KPMG class action
Class Actions 2019-07-31 11:52 am By Miklos Bolza

A judge has rejected a proposed common fund order in the settled KPMG class action, saying the funder’s commission was “arguably excessive” and could result in a “stratospheric” return to the firm.

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‘Guinea pig’ judge pushes off Country Care cartel trial to next year
Competition & Consumer Protection 2019-07-30 9:34 pm By Miklos Bolza

A six-week trial set to start in October in the cartel case against mobility equipment provider Country Care Group has been vacated and rescheduled to next year, as the judge overseeing the case quipped that he was either the “canary or the guinea pig” in the landmark criminal proceeding.

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RMBL exec told class members he hoped they would opt out of case, court told
Class Actions 2019-07-30 7:39 pm By Amelia Birnie

Customers of mortgage lending and investment firm RMBL say they were “shocked” when the company’s chief financial officer allegedly called them to say “he hoped” they would opt out of an excessive fees class action that had been filed against the firm.

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Icon sues insurers for $11M in coverage for Opal Tower saga
Insurance 2019-07-30 7:16 pm By Miklos Bolza

Construction group Icon Co has dragged insurers Liberty Mutual Insurance and QBE Underwriting to court for allegedly refusing to provide coverage after the Opal Tower disaster in December last year, which led to thousands of residents being evacuated.

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NRL says Telstra wanted ‘tough action’ following player scandals
Employment 2019-07-30 6:48 pm By Amelia Birnie

The National Rugby League has revealed major sponsor Telstra demanded “tough action” after the so-called “Summer of Hell” of player scandals, as it attempts to defend its no fault stand-down rule in an appeal launched by Dragons player Jack de Belin challenging his suspension.

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Ex-Tennis Australia’s Harold Mitchell wants ASIC’s evidence from deceased former director
ASIC 2019-07-30 2:03 pm By Cat Fredenburgh

Ex-Tennis Australia director Harold Mitchell, facing enforcement action by ASIC alleging he breached his duties in awarding Australian Open broadcast rights to the Seven Network, has asked a court for all evidence the regulator obtained from former board member Graeme Holloway, who died in February.

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Stock exchange must hand over docs after investment firm’s suspension
Securities 2019-07-29 10:41 pm By Cat Fredenburgh

A judge has given the all-clear to an investment management company to access evidence for potential legal action against the National Stock Exchange of Australia after the firm’s shares were suspended without warning or explanation.

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Coles claim for $40M in refunds for lost fuel ‘completely unreal’, ATO tells court
Tax 2019-07-29 9:07 pm By Christine Caulfield

A claim by Coles for $40 million in tax credits for fuel that evaporates or leaks from the 3,000 tanks at its service stations — based on an argument that the company buys extra fuel to account for the loss — is “completely unreal”, a lawyer for the tax office told a court Monday.

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