The founders of streetwear retailer City Beach have won a fight with the ATO over the taxation of a $52 million disposal of pre-capital gains tax assets.
A former Ernst & Young partner has claimed privilege against exposure to penalty and is seeking orders to avoid filing a defence in proceedings by the Australian Taxation Office alleging he promoted tax exploitation schemes.
The Fair Work Commission has found a former PricewaterhouseCoopers director should not have relied solely on a colleague’s text message in deciding to resign while on leave, rejecting her argument that the accounting firm had essentially forced her resignation.
The High Court will not hear mining magnate Clive Palmer’s challenge to a court’s finding that lawsuits he brought challenging two criminal cases against him over a takeover bid and alleged payments to his political party were an abuse of process and should be stayed.
The Australian Council of Trade Unions is planning to challenge junior pay rates at the Fair Work Commission, arguing that the deck is unfairly stacked against young people.
The corporate regulator is on a winning streak in its greenwashing cases, with a judge rejecting Active Super’s attempt to qualify its “unequivocal” statements about limiting its investment in companies connected to gambling and coal mining.
Litigation hobbyist Clive Palmer has filed proceedings against former Australian Securities and Investments Commission chair James Shipton, alleging he acted in bad faith and beyond his power in the regulator’s pursuit of claims against him.
A judge has excused cryptocurrency product provider Block Earner from paying a penalty in a case brought by ASIC, despite finding it provided a financial product without a licence, because it obtained legal advice and genuinely believed it was not breaching the law.
Industrial technology company Delta Building Automation has been hit with a $1.5 million penalty after it was found liable for attempting to rig a bid for construction work on the National Gallery of Australia, a penalty five times the sum it asked the court to impose.
A judge has thrown out a self-represented customer’s lawsuit against non-bank lender Latitude Financial after he defaulted on court orders and refused to join tech giants DXC Technology and Crowdstrike to his case over a cyberattack that compromised 14 million customer records.