Tax
High Court to hear ATO, Billabong founder’s appeals in $30M tax spat
Billabong founder Gordon Merchant has won the ear of the High Court in his fight over what the ATO claims was a "wash sale" of his 10 million shares in the retailer, but the justices have also agreed to hear the tax office's appeal.
Competition & Consumer Protection
Pentana can’t withdraw admissions in misuse of market power case
A judge has declined car dealer software supplier Pentana's bid to withdraw admissions made over four years ago in a dispute with competitor Titan DMS.
Business of Law
KWM’s head of competition named new ACCC commissioner
After departing the ACCC 25 years ago for private practice, the national head of King & Wood Mallesons' competition law group has won a five-year appointment as commissioner.
Intellectual Property
Samsung Bioepis shoots down Janssen patent for ulcerative colitis biologic
Samsung Bioepis has successfully opposed Janssen's bid to patent a monoclonal antibody to treat ulcerative colitis, but an IP Australia delegate has given the J&J-owned company a chance to fix its application.
Business of Law
Piper Alderman nabs litigation funding expert
Piper Alderman has appointed a new partner to its litigation team in Sydney with specialist expertise in litigation funding.
Competition & Consumer Protection
Elders’ $475M bid for Delta Agribusiness wins OK with store sell-off
The ACCC will not stand in the way of Elders’ $475 million takeover of rival farm supplier Delta Agribusiness, after the agribusiness giant provided an undertaking to divest six Delta stores in Western Australia.
Competition & Consumer Protection
ACCC not ready to let Yamaha acquisition of Telwater sail through
The competition regulator has expressed worries that Yamaha Motor's proposed acquisition of aluminium trailer boat maker Telwater could substantially lessen competition in the wholesale supply of outboard motors.
Appeals
Rent-to-own company appeals $7.4M penalty for Credit Act breaches
A rental company providing long-term leases for household items has appealed a ruling slapping it with a $7.4 million penalty for loan agreements that did not comply with credit laws.
Privacy & Cybersecurity
Australian Clinical Labs hit with $5.8M penalty over data breach
In the first-ever civil penalty proceedings for breaches of the Privacy Act, pathology services provider Australian Clinical Labs has been ordered to pay $5.8 million over a 2022 data breach that compromised the sensitive personal information of 223,000 customers of its Medlab business.
Employment
Funder admits ‘thrusting young bucks’ remark, denies discrimination claim
Litigation funder Woodsford has struck back at a discrimination suit by a former female director, admitting its CEO described her male colleague as a "thrusting young buck" but denying the phrase was gendered.
