A judge overseeing a superannuation class action against two Westpac units that settled for $30 million has expressed concerns about the ATO’s potential involvement in distributing settlement funds, saying the department was unlikely to efficiently reunite group members with their money.
The fifth and final defendant named in a criminal proceeding over a $105 million tax fraud involving payroll services company Plutus Payroll has been found guilty for his part in the scheme.
Petrol giant Ampol has reached a $157 million agreement with the Australian Taxation Office to resolve a long-running dispute over transfer pricing of goods between its Singaporean hub and Australian unit.
Liberty Financial unit Minerva has challenged a judgment that found two schemes it carried out were done with the primary purpose of securing a tax advantage.
The wife of a billionaire developer targeted in a $272 million proceeding by the Australian Taxation Office has lost a bid for suppression orders over the affidavits of a tax official she said would cause the couple to suffer reputational and commercial harm.
The Australian unit of Mylan is challenging the ATO’s rejection of a $48 million deduction for 2020 in the generic drug company’s latest spat with the tax office over interest on loans to fund its $1.2 billion acquisition of generic drug maker Alphapharm.
In its first decision applying a landmark High Court judgment redefining the test for when a worker is employed, the Federal Court has found a sessional lecturer for a higher education institution was an employee.
A judge has hit pause on the ATO’s application for summary judgment in proceedings launched by ex-Bellamy’s Australia director Jan Cameron seeking declarations that a Carribean-based trust does not owe capital gains tax for selling shares in the baby food maker.
Former Bellamy’s Australia director Jan Cameron has consented to preserving up to $5.1 million in her Australian assets and not moving them offshore while proceedings she launched against the Australian Taxation Office are on foot.
Former Bellamy’s Australia director Jan Cameron has filed proceedings against the Australian Taxation Office to avoid paying capital gains tax on the sale of 2.5 million shares in the organic baby food company 2018.