Ex-PwC partner banned for alleged false statements that caused $11M tax shortfall

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The Tax Practitioners Board has banned former PwC partner Richard Gregg for four years after finding he made false or misleading statements concerning research and development tax incentives, resulting in a tax shortfall of $11 million and $800,000 in fines for his clients.

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Investment manager pleads guilty to insider trading of Platinum shares

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Sydney investment manager Rodney Forrest has pleaded guilty to two counts of insider trading in relation to the trading of $2.6 million in shares of funds manager Platinum Asset Management while in position of inside information about a takeover offer.

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ASIC to review stamp duty disclosures for superannuation funds

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The corporate regulator has launched a review into the requirement that superannuation funds disclose land transfer duty fees, commonly referred to as a ‘stamp duty’, in a move that could boost super investments in the property sector.

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Vansan Construction boss asks court to set aside $2M default judgment for developer

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The CEO of embattled Melbourne builder Vansan Construction is fighting a $2 million default judgment for SK Developments, saying he was given no opportunity to defend himself.

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Judge refuses declarations in Port of Newcastle’s wharfage fee win over Glencore

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Port of Newcastle has failed in its bid for declarations following its defeat of of Glencore Coal’s case over wharfage fees, despite arguing further disputes could be avoided. 

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Speed of court over VCAT no reason to bypass tribunal in building spat, judge says

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A court has ordered a stay of proceedings in a Melbourne property dispute, saying whether it could hear the case “better” than VCAT, as alleged by builder Brocon, was not the point.

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Payday lender directors ask High Court to clarify accessorial liability

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The directors of payday lenders Cigno and BSF have filed for special leave to appeal a decision that found them liable for unlicensed credit activity, saying the case raises fundamental questions about the scope of accessorial liability.

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High Court to weigh reversal of exemplary damages for youth gassed in NT detention

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The High Court has agree to weigh in on whether an appeals court erred in overturning $200,000 in exemplary damages awarded to each of four children gassed at Don Dale detention centre in the Northern Territory. 

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Rent-to-own business cops $7.4M penalty for breaches of Credit Act

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A rental company providing long-term leases for household items has been slugged with a $7.4 million penalty after a court found its loan agreements did not comply with credit laws. 

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