Most Recent
Negative gearing, capital gains tax overhaul at centre of Albanese budget
At the centre of Tuesday night's budget are tax measures aimed at investment structures, negative gearing, and reforms to the capital gains perk that represent the biggest change to the taxation of Australian savings since 1999.
Ex-Mastercard sales manager says he lied to finance team on 7-Eleven deal
A former Mastercard business development director has admitted at trial to lying to the payments giant's finance department about the risk of 7-Eleven routing transactions to EFTPOS to seal a deal.
FleetPartners settles shareholder class action for $27M
Vehicle leasing company FleetPartners has reached an agreement to resolve a shareholder class action for $27 million.
Construction PRO
Fortescue must pay $150M in Native Title case over Solomon Hub project
Addressing for the first time the question of compensation for 'future acts' under the Native Title Act, a judge has ordered Fortescue Metals Group to pay $150 million to compensate the Yinjibarndi people for losses stemming from the mining company's Solomon Hub iron ore project.
Construction PRO
Federal budget takes aim at negative gearing, capital gains tax perks
The centrepiece of Tuesday night's budget are tax reforms aimed at capital gains, negative gearing and investment structures, with the Albanese government spruiking the changes as supporting new housing, while experts say the devil is in the detail.
Shareholders can revise class action against Grant Thornton, iSignthis
A judge has approved amendments to a shareholder class action against iSignthis and auditor Grant Thornton, over the opposition of the fintech firm, which argued the changes would amount to an abuse of process.
Mastercard’s competition lawyers advised rewording deal, court told
Trial in a case alleging Mastercard misused its market power by striking deals with retailers to defend revenues against EFTPOS routing has heard external competition lawyers suggested removing the word 'routing' from its contract with Woolworths.
Construction PRO
Clayton Utz snares projects partner from Allens
Clayton Utz has recruited a projects partners from Allens to strengthen the firm's resources and infrastructure practice.
Mastercard risked $45M hit from RBA routing initiative, court hears
Mastercard risked losing half its revenue from retail interchange fees as a result of the Reserve Bank's least-cost routing initiative, and struck deals with top retailers to defend its core business, a court was told Wednesday.
Woolworths faced loss of status with Mastercard if it used EFTPOS, trial told
A trial judge has heard that Mastercard's top Australian executives discussed stripping Woolworths of strategic merchant status if the supermarket giant routed customer transactions through the cheaper EFTPOS network.