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The Australian Taxation Office is appealing a win for gold producer Evolution Mining after an initial trial over the company's purported decision to cancel the transfer of $31 million in post-acquisiton losses.
Construction PRO
Seymour Whyte has failed to recover millions in asbestos remediation costs from insurer Liberty, with an appeals court finding the costs related to the presence of asbestos at the site of a Melbourne road project and not its release.
Gold producer Evolution Mining has won an initial trial against the Australian Tax Office over a purported decision to cancel the transfer of $31 million in tax losses after it acquired Conquest.
Construction PRO
Insurer Liberty is not on the hook for costs incurred by Seymour Whyte Construction for dealing with asbestos-contaminated soil, but is liable to cover legal fees for advice sought by the company.