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‘A bottle of wine every night’: Ex-Noumi CFO’s non-disclosures caused him to spiral
Securities 2024-10-17 1:28 pm By Cat Fredenburgh

The former CFO of Noumi has been hit with a $100,000 penalty and four-year ban for his involvement in the company’s continuous disclosure breaches, which a judge heard caused him to drink a bottle of wine every night.

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Mastercard can’t appeal ACCC’s ‘novel’ use of judicial notice rule
Competition & Consumer Protection 2024-10-17 11:31 pm By Andy Sidler

The court has rejected Mastercard’s bid to appeal an evidentiary win for the ACCC in the regulator’s misuse of market power case against the payments giant.

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Nuix takes insurers to court over coverage for legal bills
Insurance 2024-10-17 11:29 pm By Cat Fredenburgh

Nuix has taken a slew of insurers to court seeking coverage of legal bills incurred in defending multiple class actions and proceedings by the Australian Securities and Investments Commission.

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Barrister who repped sons without certificate can’t reopen case
Business of Law 2024-10-17 11:20 pm By Sam Matthews

A Victorian barrister found guilty of contempt for representing her sons despite an order barring her from practicing can’t re-open reviews of two decisions denying her a certificate.

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CBA hit with $7.5M penalty for breaching spam laws
Privacy & Cybersecurity 2024-10-17 4:50 pm By Sam Matthews

Commonwealth Bank has paid a $7.5 million penalty after an ACMA investigation found it sent over 170 million emails that violated spam laws. 

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Collectable car dealer defeats ATO in High Court fight over lux car tax
Tax 2024-10-17 1:53 pm By Sam Matthews

A collectable car dealer who operated his Gosford business using a ‘museum concept’ has won a High Court victory in a dispute with the ATO over whether he should be on the hook for luxury car tax.

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High Court shoots down SkyCity Adelaide’s tax appeal
High Court 2024-10-16 11:45 pm By Andy Sidler

In a loss for Sky City Adelaide, the High Court has affirmed that electronic gaming credits should be taxed as revenue. putting it on the hook for an additional casino duty of $13.1 million. 

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Richard Pratt’s daughter gets second shot at slice of family fortune
Estates 2024-10-16 11:38 pm By Andy Sidler

A daughter of the late Visy tycoon Richard Pratt has won another shot at a piece of the multi-billion-dollar family fortune.

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Ex-Aristocrat design head to pay up for copying docs containing trade secrets
Intellectual Property 2024-10-16 11:52 pm By Cat Fredenburgh

Gaming giant Aristocrat has settled a suit brought against its former head of design, who admitted to copying a “substantial” number of documents containing the company’s sensitive trade secrets.

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Greensill Bank administrator wins tit-for-tat injunction against Marsh
Insurance 2024-10-16 11:24 pm By Sam Matthews

In the tangled legal fallout of the $7 billion collapse of Greensill Capital, the administrator of the failed financier’s bank has secured a so-called anti, anti-suit injunction against an arm of insurer Marsh.

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