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Judge extends asset freeze over iSignthis CEO in $10M stoush with tax office
Tax 2021-10-21 3:39 pm By Christine Caulfield

A judge has extended by a week a freezing order over the assets of ISignthis CEO John Karantzis in a dispute with the Australian Taxation Office over a $10.7M alleged tax debt, but a bid to extend the scope of the order to include shares in a Cyprus-based company launched by the fintech businessman has failed for now.

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a2 Milk faces new shareholder class action investigation
Class Actions 2021-10-21 1:32 pm By Miklos Bolza

The a2 Milk Company is facing the prospect of a second shareholder class action over its 2021 financial guidance and subsequent downgrades following Slater & Gordon’s case earlier this month. 

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Ian Macdonald, Obeids sentenced to jail time for bid-rigging conspiracy
White Collar 2021-10-21 6:13 pm By Miklos Bolza

Former NSW Labor Minister Ian Macdonald has been sentenced to at least five years in prison, and Eddie Obeid and his son Moses will go to jail for a non parole period of three years for their conspiracy to rig a tender process and secure a coal mining exploration licence for the Obeids’ land in the Bylong Valley.

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ATO, Raptis Group to enter ‘commercial discussions’ in $110M tax case
Tax 2021-10-21 12:21 pm By Miklos Bolza

The Australian Taxation Office will have “commercial discussions” with Gold Coast property developer James Raptis before deciding whether to seek summary judgment in a case over $109.5 million in alleged tax avoidance.

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Worker’s rejection of ‘derisory’ $100 settlement offer not unreasonable, judge finds
Employment 2021-10-21 2:33 pm By Bianca Hrovat

A rejected $100 offer of compromise was not sufficient to warrant a costs order to a Queensland automotive company after it succeeded in Fair Work proceedings brought by a former contractor, a judge has found.

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Tyro hit with class action over terminal outage
Class Actions 2021-10-20 4:10 pm By Cat Fredenburgh

Payments provider Tyro has been hit with a class action over a days-long terminal outage that left many businesses unable to accept payments.

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Joint venture lobs $50M lawsuit over $1.37B Melbourne Metro payout
Transportation & Infrastructure 2021-10-20 5:39 pm By Miklos Bolza

A joint venture which helped design the Melbourne Metro has filed a $50 million lawsuit claiming they were not given enough of a $1.37 billion payout promised by the state’s government to cover additional work.

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Arrest warrant issued for Forum founder Bill Papas
White Collar 2021-10-20 1:00 pm By Miklos Bolza

The Federal Court has issued an arrest warrant for Forum Finance founder Bill Papas for contempt of court for allegedly transferring $720,000 out of one of his companies in breach of a freezing order.

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Social media surgeon seeks urgent injunction ahead of Four Corners episode
Media 2021-10-20 9:32 pm By Bianca Hrovat

A Sydney-based plastic surgeon with more than 5 million followers on TikTok has taken the ABC to court to block an upcoming episode of Four Corners about him from running.

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AMP, Willis Towers Watson locked in multimillion-dollar Sydney CBD rental dispute
Real Estate 2021-10-20 4:46 pm By Miklos Bolza

AMP has taken the insurance arm of Willis Towers Watson to court to try to force it to stick to an alleged promise to rent two floors in a central Sydney commercial block that was made just before the start of the COVID-19 pandemic.

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