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Court rejects Tony Sage’s bid to uncover legal advice in tax audit
A judge has rejected a bid by WA businessman and former Perth Glory owner Antony Sage to uncover external legal advice provided to the tax office in a dispute over an audit that went to the AAT, finding that reliance by the Tribunal on the material could endanger its independence.
Wealth guru Dominique Grubisa wins appeal of banning orders
Embattled wealth guru Dominique Grubisa has succeeding in overturning banning orders from the corporate regulator, with a tribunal finding she did not pose a threat to consumers or the financial services market.
Qantas won’t challenge ACCC’s rejection of Alliance tie-up
Qantas has dropped its bid to acquire Brisbane-based regional airline Alliance Aviation Services, saying a court battle with the competition regulator would be complex and costly.
ACMA says Vonage, Twilio breached anti-scam rules
The Australian Communications and Media Authority has called out telcos Vonage and Twilio for failing to comply with rules for combatting scam text messages.
Big four partner had ‘substantial role’ in tax avoidance schemes, ATO suit claims
The Commissioner of Taxation is pursuing a former Big Four partner for allegedly promoting tax exploitation schemes for clients. But a fight has broken out in court over whether his identity -- and the name of the accounting firm -- should be suppressed.
ANZ breached continuous disclosure rules during $2.5B share placement, court finds
A judge has found that ANZ breached continuous disclosure rules by failing to disclose a $750 million bailout by underwriters Deutsche Bank, Citigroup and JP Morgan during its $2.5 billion equity capital raising in August 2015.
ASIC seeks urgent orders barring payday lenders from enforcing ‘harmful’ loan contracts
The Australian Securities and Investments Commission is seeking to restrain payday lenders Cigno and BSF Solutions from enforcing loan fees against 10,000 customers.
ACCC gives green light to $18.7B acquisition of Origin Energy
The ACCC has approved the buyout of Australian energy giant Origin Energy, after finding that significant competition concerns were outweighed by the likely benefits to the country's transition to renewable energy.
Ex-CEO of stockbroker BBY charged with aiding fraud
The former CEO of collapsed Sydney stockbroking firm BBY Limited has been charged with two counts of aiding, abetting, counselling or procuring fraud.
Law firm partner takes fight with ATO over exit payment to High Court
A retired law firm partner has taken his battle with the ATO to the High Court, arguing he is not liable to be taxed on $182,000 in goodwill payments he received on exiting the firm's partnership in 2008.