Christine Caulfield

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.

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.

Vehicle leasing company FleetPartners has reached an agreement to resolve a shareholder class action for $27 million.

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.

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.

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.

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.

Clayton Utz has recruited a projects partners from Allens to strengthen the firm's resources and infrastructure practice.

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.

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.