Companies

The Full Federal Court has tossed Tabcorp’s appeal of a finding that it is not entitled to a $1.49 billion tax deduction under rules governing the taxation of financial arrangements. 

Facing a class action over the paint job on its Corollas, Toyota has denied the vehicles contained a defect that caused the paint to peel when exposed to sunlight.

Lander & Rogers has hired a disputes lawyer from Herbert Smith Freehills Kramer to join its Brisbane-based commercial disputes practice as a partner. 

A judge has approved a $13.5 million settlement in a class action against the director of collapsed sandalwood producer Quintis, but has reduced deductions sought by the plaintiff's lawyers and funder, and denied a payout to the funder of a competing case.

The University of Sydney is seeking to push back the trial date in its six-year-old case against Multiplex over alleged defects at the Charles Perkins Centre, alleging it has recently discovered new problems with the building.

Coles has told a court that its decision to change its discount policies was unsurprising during a period of significant inflation, denying claims by the ACCC that its ‘Down Down’ promotions were misleading.

Coles increased prices on hundreds of products only as part of a plan to later mark them with a ‘Down Down’ promotion, despite the price being lower only weeks before, the ACCC has argued.

Former ANZ CEO Shayne Elliott has dropped a lawsuit alleging the bank breached the terms of a contract governing his departure when it denied him $13.5 million in bonus payments.

Another Coles manager has faced questioning in a case alleging the supermarket giant's 'Down Down' campaign was illusory, admitting the "only reason" for a four-week price jump on quince paste was to enable a discount. 

Shopping centre giant Scentre Group has plans to expand into the lucrative residential market, capitalising on its significant landholdings to supply over 16,000 apartments at several Westfield locations.