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Full Court to hear Cigno challenge to ASIC ban on short-term credit lending
Cigno has appealed a ruling shooting down its challenge to the first action brought by ASIC under its powers to prohibit 'predatory' financial products, which targeted the payday lender's model of short-term credit lending.
Businessman Kia Silverbrook can’t overturn $9.3M penalty for unpaid PAYG tax
An appeals court has dismissed a challenge by businessman and prolific inventor Kia Silverbrook to a finding that he was jointly liable to pay a $9.3 million penalty notice issued by the ATO for unpaid Pay As You Go tax.
Aurora Funds loses challenge to ruling over soured Molopo Energy takeover
A court has upheld two decisions by the Australian Government Takeovers Panel that a bid by asset manager Aurora Funds Management to replace Molopo Energy's directors was made in "unacceptable circumstances".
High Court quashes AFP warrant used to raid News Corp journalist’s home
The High Court has quashed a search warrant obtained by the Australian Federal Police and used to raid a News Corp journalist’s home, but did not go so far as to order the return or destruction of documents obtained in the raid.
Payday lender Cigno loses challenge to ASIC ban on short-term credit lending
Payday lender Cigno has lost a challenge to the corporate regulator's first action under powers to prohibit 'predatory' financial products that targeted its model of short-term credit lending.
Full Federal Court dismisses Linfox’s $45M fuel tax challenge as ‘too weak’
The Full Federal Court has dismissed Linfox’s $45 million fuel tax credit appeal, finding the Australian logistics company’s argument was ‘too weak or uncertain’ to conclude that it was being over-taxed on major toll roads across the country.
Linfox appeals $45M fuel tax fight to Full Federal Court
Australian logistics company Linfox has taken its $45 million fuel tax credit challenge to the Full Federal Court, arguing its trucks are being over-taxed on major toll roads across the country.
‘Loose with the truth’ broker wins High Court challenge to ASIC ban
The High Court has upheld an appeal by a mortgage broker with a history of run-ins with the law, finding that the Administrative Appeals Tribunal could not take spent convictions into account when reviewing ASIC ban orders.
Gov’t sued for supplying water to Adani’s $2B Carmichael coal mine
The Federal Government failed to read public submissions in approving a "flawed" assessment of a project supplying Adani's controversial Carmichael coal mine with over 12.5 billion litres of water, an environmental group has told a court.
IOOF says APRA should be able to state its case after 3-year probe
A barrister for two units of embattled wealth manager IOOF and three senior company executives facing claims by APRA have criticised the regulator for filing a broad concise statement and no statement of claim after a three-year investigation.