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ATO, PepsiCo fight over royalty withholding tax goes to High Court
The ATO has won the nod from the High Court to appeal a finding that a royalty withholding tax did not apply to payments from Schweppes to PepsiCo under agreements to sell brands like Pepsi and Gatorade in Australia.
Optus slapped with $12m penalty over Triple-0 outage
Optus has been hit with a $12 million penalty over a “preventable” nationwide network outage in November 2023, which left thousands of customers unable to make emergency calls.
ASIC launches formal MinRes probe over Ellison tax dodge claims
The corporate cop has launched a formal investigation after the airing of tax evasion allegations against Mineral Resources' billionaire founder, Chris Ellison.
Partner numbers at consulting firms should be capped in wake of PwC scandal: report
Professional services firms should be limited to 400 partners to improve accountability and transparency, a final parliamentary report into the PwC tax scandal has proposed.
Government to ban social media for kids under 16
The Albanese government has taken aim at social media companies, proposing a world-first ban on access to their platforms for children under 16.
Blackstone’s bid to acquire I’rom raises competition concerns over clinical trials
The ACCC has red flags about the acquisition of Japanese healthcare business I'rom Group by private equity behemoth Blackstone.
‘Study help’ platform Chegg faces first-ever case over academic cheating
In the first case of its kind, a government agency has filed proceedings against education technology company Chegg, alleging it has breached laws designed to prohibit academic cheating.
‘Influx’ of consumer class actions likely after High Court’s Toyota decision, lawyer says
Landmark High Court decisions in class actions against Toyota and Ford on how damages should be calculated for defective vehicles will spark more consumer class actions, a plaintiff lawyer told Lawyerly.
Filecoin, founder can’t shake developer’s case over cryptocurrency pay
Crypto company Filecoin Foundation can't dodge a suit by a developer who says she was fired after complaining that a portion of her wages was paid in Filecoin tokens.
Chemist Warehouse, Sigma win ACCC approval for $8.8B merger
The competition regulator has given its blessing to the $8.8 billion merger of Chemist Warehouse and Sigma Healthcare, subject to a promise that franchisees will be free to terminate their contracts.