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Companies need to report basis for climate change statements, says ASIC
Climate change 2024-11-12 1:55 pm By Cindy Cameronne

ASIC has proposed that companies be required to disclose the basis for any forward-looking statements concerning climate, as part of new reporting obligations set to take effect next year.

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Ex-EY partner accused of tax loss scheme can shield email to general counsel
Tax 2024-11-11 3:00 pm By Cindy Cameronne

A former EY partner accused of pocketing $700,000 in secret commissions can shield an email from the firm’s tax leader to its general counsel despite the firm having waived privilege. 

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Velocity Rewards joined to Virgin class action despite ‘barely arguable’ claim
Class Actions 2024-11-11 4:43 pm By Cindy Cameronne

A judge has allowed investors bringing a class action against Virgin to join Velocity Rewards to the case, despite finding the proposed claims against the frequent flyer program are “barely arguable”. 

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Melbourne Symphony says pianist had ‘no right’ to make Gaza remarks
Employment 2024-11-11 11:02 pm By Andy Sidler

The Melbourne Symphony has hit back at a pianist’s suit over a cancelled recital after he made impromptu comments about the war in Gaza, saying he had no right to make the unauthorised remarks. 

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Court clarifies licensing regime in win for offshore wind project
Energy & Natural Resources 2024-11-11 2:51 pm By Sam Matthews

A judge has overturned energy minister Chris Bowen’s refusal to greenlight energy company Seadragon’s offshore wind farm project off the coast of Gippsland.

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Rio Tinto defeats appeal by Russian aluminium producer over war sanctions
Energy & Natural Resources 2024-11-11 11:40 pm By Andy Sidler

An appeals court has backed a decision by six Rio Tinto units to refuse delivery of alumina to Russia’s largest aluminium producer because it would run afoul of sanctions imposed after Russia invaded Ukraine.

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Ex-Demons chair Glen Bartlett settles defamation suit against club execs
Defamation 2024-11-11 2:27 pm By Julia Kanapathippillai

The former chair of the Melbourne Demons has settled a lawsuit he brought against senior executives of the club over allegedly defamatory statements.

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Investment manager’s not-so ‘Golden Method’ leads to jail time
White Collar 2024-11-11 3:45 pm By Julia Kanapathippillai

A former investment manager who provided investors with forged portfolio reports about his ‘Golden Method’ trading strategy has been sentenced to three years in jail.

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High Court to resolve uncertainty over common fund orders
Class Actions 2024-11-08 9:31 am By Cat Fredenburgh

The High Court has agreed to rule on whether common fund orders can ever be made in class actions, including so-called solicitors’ common fund orders allowing lawyers to earn a cut of any settlement.

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ATO, PepsiCo fight over royalty withholding tax goes to High Court
Tax 2024-11-08 11:06 pm By Cat Fredenburgh

The ATO has won the nod from the High Court to appeal a finding that a royalty withholding tax did not apply to payments from Schweppes to PepsiCo under agreements to sell brands like Pepsi and Gatorade in Australia.

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