Construction company Clough Limited cannot claim over $15 million paid to employees for cancellation of their shares and options as a tax deduction, with a judge dismissing the Perth-based company’s appeal of a decision from the Commissioner of Taxation.
Trial kicked off Tuesday in a landmark class action brought by teenagers seeking to halt the expansion of a Whitehaven coal mine in NSW, with the barrister for the teens arguing catastrophe was likely if the expansion was blessed by the Federal Minister for the Environment.
ASIC has launched court proceedings against National Australia Bank accusing the bank of engaging in unconscionable conduct by charging more than $365,000 in fees to which it was not contractually entitled.
US consumer goods giant Kimberly-Clark has agreed to pay $200,000 for misleading ‘Made in Australia’ representations made on its ‘flushable’ wipes.
A judge has ordered Carlton United Breweries, maker of iconic Australian beers Victoria Bitter and Carlton Draught, to hand over information to the Commissioner of Taxation relating to an audit of the beer giant.
A former One Nation staffer who accused former senator Brian Burston of harassment has told a court that Burston tried to get her to breach a settlement agreement reached after she brought an unfair dismissal claim by leaking details to the media.
The Commissioner of Taxation has failed in his bid to dismiss a lawsuit brought by a bankrupt migration lawyer who fled to Romania and owes $4.7 million in taxes, but has managed to strike out some claims a judge found had “no reasonable prospect of success”.
Payouts in class actions in 2020 largely kept pace with the previous year despite the financial strain of the COVID-19 pandemic, with companies and other defendants paying more than $696 million to settle class actions last year.
The law firm that led an unfunded class action against the Federal government over the controversial Robodebt scheme will ask the court to approve up to $16 million in legal costs when it seeks approval for the $112 million settlement reached in the class action last year.
Assurances that PwC can be a defendant in a privilege fight with the ATO while representing three other defendants in the proceedings and avoid a conflict of interest has failed to allay concerns raised by a Federal Court judge, who said the situation created “at least an appearance of tension”.