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The founders of streetwear retailer City Beach have won a fight with the ATO over the taxation of a $52 million disposal of pre-capital gains tax assets.
Late tweaks to funding bids to be ‘held against’ firms in IC Markets beauty parade
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A judge has warned two law firms competing to run a class action against IC Markets over risky contracts-for-difference that it will be held against them if they take a “holding position” on their funding proposals and attempt to negotiate their bids down later.
SkyCity Adelaide to get High Court hearing in tax fight with SA treasurer
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The High Court has agreed to take up a dispute between SkyCity Adelaide and South Australia’s treasurer over the tax treatment of reward points that gamblers convert to gaming chips.
Class action against BHP can amend shareholder group after ‘inadvertent mistake’
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The judge overseeing a six-year-old class action against BHP over the collapse of a Brazilian dam has allowed the applicant to retroactively amend the group definition, accepting that a pleading mistake was contrary to the intended class membership in the case.
Ex-EY partner claims right to silence in ATO case over alleged tax exploitation schemes
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A former Ernst & Young partner has claimed privilege against exposure to penalty and is seeking orders to avoid filing a defence in proceedings by the Australian Taxation Office alleging he promoted tax exploitation schemes.
PwC director should not have relied on co-worker’s text message in resigning: FWC
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The Fair Work Commission has found a former PricewaterhouseCoopers director should not have relied solely on a colleague’s text message in deciding to resign while on leave, rejecting her argument that the accounting firm had essentially forced her resignation.
‘No more indulgence’: Firm that took over class actions can’t redo beauty parade bid
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A judge will not allow a law firm that stepped in to lead class actions against Hyundai and Kia to amend its funding proposal to seek a group costs order ahead of a carriage fight, even though its proposal would have led to greater returns for group members.
End of the road for Hells Angels in fight for damages against Redbubble
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The High Court has declined to step in after Hells Angels’ award of $78,000 in damages for online marketplace Redbubble’s infringement of its trade marks was slashed to just $100, bringing to an end an IP fight that has stretched on for nearly a decade.
High Court won’t take up Clive Palmer’s challenge to criminal charges
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The High Court will not hear mining magnate Clive Palmer’s challenge to a court’s finding that lawsuits he brought challenging two criminal cases against him over a takeover bid and alleged payments to his political party were an abuse of process and should be stayed.
Mawhinney escapes $3.5M bankruptcy action by Mayfair Wealth promoter
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Mayfair 101’s James Mawhinney has defeated bankruptcy action by the owner of marketing firm 360 Degree Media, who claimed the founder of the beleaguered wealth management business owed him $3.5 million.