Lex Greensill will need to pay tax on $58 million in capital gains, after losing a challenge to a tax assessment which included non-Australian gains from the sale of Greensill shares distributed to the founder of the collapsed collapsed UK-based supply-chain finance firm.
War veteran Ben Roberts-Smith has said that while he was proud to have received the Victoria Cross for his actions at the 2010 battle of Tizak in Afghanistan, winning the award “put a target” on his back, with fellow soldiers seeking to undermine those they saw as tall poppies.
A class action has been filed against the federal government on behalf of First Nations people in the Northern Territory who were allegedly denied wages owed for work performed over a nearly 40-year period.
The ACCC has cleared Woolworths’ planned $552 million acquisition of a 65 per cent stake in wholesale food distributor PFD Food Services without the supermarket giant’s proposed undertaking to maintain independence between the company for three years.
Volkswagen has asked the High Court to throw out a a landmark $125 million penalty over its emissions cheating scandal, the highest ever handed down in Australia for consumer law violations.
Ben Roberts-Smith took the stand on Thursday after publishers accused of defaming him detailed how the war veteran allegedly murdered six civilians and engaged in a cover up campaign, with the soldier saying he was “devastated” by the allegations.
Opal Tower builder Icon and structural engineer WSP Structures have been joined as defendants in a class action brought by property owners, who have also added a slew of consumer law claims to the complex proceedings.
Westpac has shot back at a lawsuit brought by ASIC over the selling of alleged poor value insurance products, with the bank saying its customers had agreed to take out the “optional” coverage.
Video game developer Epic Games has asked the Full Federal Court to overturn an “illogical” decision sending its competition lawsuit against Apple to California, saying the move would have a “chilling effect” on the enforcement of Australia’s competition laws.
News publisher Fairfax has been accused of attempts to intimidate Ben Roberts-Smith’s lawyer in contempt of court by publishing inaccurate media reports that the solicitor is in a romantic relationship with the former soldier, after a judge said the reports had made him “uncomfortable”.