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The ATO has lost its appeal of a tribunal decision in favour of Perth land developer Tina Bazzo, with the court rejecting its “all or nothing” approach to a key provision of the Taxation Administration Act.
London City Equities seeks wind up orders against Excelsior over $101M sale
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Investment firm London City Equities is seeking to have fellow publicly traded firm Excelsior wound up for alleged shareholder oppression over its decision to sell off a subsidiary for $101 million and not distribute the proceeds.
Insurers for failed finance lender Axsesstoday settle class action claims
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A class action against failed asset finance lender Axsesstoday and auditor PricewaterhouseCoopers has reached an in-principle settlement with the lender’s insurers.
Public housing class action tossed, but judge gives applicant another shot
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A judge has granted the Victorian government’s bid to dismiss a class action over its decision to retire Melbourne’s high-rise public housing towers, but allowed the applicant to recast his claim, despite protests from the state.
Qoin crypto issuer made misleading statements, court finds in win for ASIC
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A court has found Qoin cryptocurrency issuer BPS Financial made false and misleading claims about its product, in a win for the corporate regulator and a likely boost for a class action against the Gold Coast-based digital currency company.
Judge questions ‘independent skill and judgment’ in third class action against IC Markets
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A judge has questioned the “independent skill and judgment” applied to the pleading in a third class action filed against International Capital Markets over risky derivative products, amid a “hot contest as to carriage and forum”.
Judge ‘outraged’ over NSW Police’s delays in strip search class action
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A judge hearing a class action against the New South Wales government and police commissioner over allegedly illegal strip searches at music festivals has criticised the state for failing to comply with court orders on time.
7-Eleven defeats Seven Network’s opposition to ‘7-Select’ trade mark
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Convenience chain 7-Eleven has defeated Seven Network’s challenge to its bid to trade mark ‘7-Select’ for a new brand of products targeting younger shoppers, with an IP Australia delegate finding consumer confusion was not likely.
Monash Health sexual assault, family violence records compromised in data breach
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A cyberattack has compromised the confidential data of thousands of sexual assault and family violence victims who were patients of Monash Health clinics.
7 years after judgment, NZ apartment class action group members haven’t been paid, court told
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The lead plaintiff in a four-year-old class action against Zurich Insurance over a defective New Zealand apartment block has said the case “has to get moving”, telling the court that property owners have not received payment since a $50 million judgment was awarded overseas in 2017.