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An appeals court has found that an unpaid present entitlement to a corporate beneficiary is not a loan under tax law, upending the ATO’s longstanding practice of treating UPEs as part of a trustee’s assessable income.
High Court asked to weigh if principal builder owes duty to subcontractor’s employee
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An injured construction worker is challenging the dismissal of his case against the principal contractor on a Brisbane building site, saying it owed a duty of care to him as a sub-contractor’s employee.
No ‘judicial sympathy’ for Taringa shopping centre builder faced with insolvency
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A judge has order the winding up of a construction company contracted to build a Queensland shopping centre after the builder failed to comply with a statutory demand.
US property giant CoStar makes $2.7B play for Domain
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Nine-owned Australian property marketplace Domain is weighing up a $2.7 billion cash takeover offer from US-based CoStar Group, which snapped up a 16.9 per cent share in the company on Thursday.
Stockland locks in $800M in deals with KKR, M&G Real Estate
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ASX-listed Stockland has secured two new logistics deals with global investment firm KKR and property investor M&G Real Estate worth a total of $800 million.
Court approves $30M development in Sydney’s bayside
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The Land and Environment Court has been persuaded to approve a $30 million mixed-use development in central Rockdale, after initially rejecting the proposal.
Allergan may bring ‘state of the art’ defence in breast implants class action
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US drug maker Allergan may defend a class action over recalled textured breast implants by arguing its knowledge of the alleged defects was limited by the state of scientific knowledge at the time the products were made.
‘Disappointing’: Women barristers still receiving smaller chunk of briefing fees
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While the briefing rate targets for women barristers set by the Law Council of Australia’s equitable briefing initiative have been met, women barristers continue to receive a lower proportion of total briefing fees.
GM class action judge fond of cars, not fond of pleading fights
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GM has foreshadowed a strike-out application in a class action over alleged faulty transmissions in Holden vehicles, but a judge has warned he won’t “take kindly” to pleading spats.
Jones Day lures enviro partner from Norton Rose Fulbright
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A top environmental lawyer has joined Jones Day as a partner in the firm’s government regulation practice.