Industries

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. 

A judge has dismissed an application for a freezing order against the developer behind a NSW Central Coast office block at the centre of a class action over defects including sub-par air conditioning.

The operator of eyewear franchises OPSM and Laubman & Pank has paid a $19,800 penalty after the ACCC found it failed to provide up-to-date disclosures to prospective franchisees, several years after promising to make its franchise system more transparent. 

Rio Tinto's struggling Tomago Aluminium Company has lost a challenge to a $52 million valuation of the land occupied by its Hunter Valley smelter, despite arguing the sum was too high in light of electricity costs and the limited pool of notional buyers.

The law firm that's running a class action against the AFL on behalf of players who allegedly suffered on-field brain injuries has filed a new representative proceeding targeting 10 more clubs.

In a hearing on its challenge to $10.6 million in stamp duty tax, ISPT said Monday Victoria's State Revenue Office was not entitled to aggregate two acquisitions that increased its stake in the Fort Street Real Estate Capital Fund to 95 per cent.

A class action has failed to prove 3A Composites and Halifax Vogel misled consumers about alleged flammable Alucobond cladding, with a judge finding developers and others were responsible for ensuring the product was safely used. 

The Finance Sector Union has reached a resolution with National Australia Bank in a test case by four managers who were allegedly required to work "unreasonable" unpaid hours for years.

A class action has failed to prove that Alucobond panel manufacturer 3A Composites and supplier Halifax Vogel misled consumers about the allegedly flammable cladding and breached consumer guarantees. 

US-based study help platform Chegg has copped a $500,000 penalty after the Tertiary Education Quality and Standards Agency found the site helped Monash University students cheat.