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iSignthis says disclosing end of Visa relationship would not have affected share price
Fintech company iSignthis has struck back at allegations by the Australian Securities and Investments Commission that it breached its continuous disclosure obligations by failing to inform shareholders that Visa was ending its relationship, saying the disclosure would not have affected its share price.
Full Court to hear another appeal over computer-implemented invention
The Full Federal Court has been asked to consider an appeal of a judge's ruling backing the position of the Commissioner of Patents that two patents for a computer-implemented invention did not describe a manner of manufacture and should be revoked.
Viagogo wins stay of $7M penalty after evidence of COVID-19’s ‘catastrophic’ impact
Crying poor during COVID-19, Viagogo has won a temporary stay of a $7 million penalty imposed by a court that found the ticket reseller misled customers on an “industrial scale”.
Full Court to hear CUB dispute with ATO over 1,500 tax docs
Carlton United Breweries has appealed a ruling ordering it to hand over almost 1,500 documents to the Commissioner of Taxation relating to an audit of the beer giant.
ASIC accuses REST of deceiving members over super fund transfers
The Australian Securities and Investments Commission has brought court action against Retail Employees Superannuation, alleging the super trustee may have misled members about their ability to move their super out of the REST Trust.
Clough Limited can’t claim $15M in taxes from cancellation of employee entitlements, court rules
Construction company Clough Limited cannot claim over $15 million paid to employees for cancellation of their shares and options as a tax deduction, with a judge dismissing the Perth-based company’s appeal of a decision from the Commissioner of Taxation.
Court finds Megasave made misleading representations to franchisees
A court has found national delivery company Megasave Couriers misled franchisees with false promises of guaranteed minimum weekly payments and annual income.
Fair trial may not be possible for adviser targeted by ASIC in IOOF unit case, court told
A financial adviser at the centre of ASIC's bad advice case against an IOOF unit might mount an argument that a fair trial is not possible because of his "fulsome" answers to investigators during a compulsory examination.
CBA broker subsidiaries admit ‘systemic compliance failures’ as ASIC launches new case
ASIC has launched court action against two Commonwealth Bank of Australia subsidiaries that have admitted multiple "systemic compliance failures", including the overcharging of more than $4.3 million in brokerage fees.
ACCC’s cartel case against crane company incoherent, court told
The ACCC's cartel case against family-owned crane company NQCranes suffers from 'incoherence', the company's counsel told the Federal Court on Monday ahead of an application to strike out a large portion of the regulator's case.