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Insurer Vero is fighting a ruling that added it to a class action against cladding manufacturer Fairview Architectural over allegedly combustible cladding.
Borrowing funds to run class actions ‘not appropriate’, says expert
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Class actions throw up all manner of ethical conundrums, but a recent Federal Court decision has shined a light on the question of whether funders and law firms should take out loans to run class actions and whether they can charge the costs to group members.
Government supercharges penalties in response to PwC tax scandal
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Tax advisers and firms promoting tax avoidance could face penalties of up to $780 million, as part of a suite of reforms the government is calling “the biggest crackdown on tax adviser misconduct in Australian history”.
Settlement reached in bond holders class action over climate disclosures
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A class action brought on behalf of sovereign bond investors over the disclosure of climate change risks has settled with the government on terms that don’t preclude further proceedings, a court has heard.
‘Plague’ of competing class actions driving new filings: report
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Competing class actions, which a judge recently called a “plague” on the courts, are driving a rise in class actions, with new representative proceedings brought this year set to outpace last year’s filings, according to a report by law firm Allens.
Roberts-Smith wants judge to recuse himself from deciding if OSI can see evidence
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Save (1) Please login to bookmark Close Username or Email Address Password Remember Me Ben Roberts-Smith has argued a judge should recuse himself from deciding if the Office of the Special Investigator can access his defamation court file, arguing the public might think he was biased and wanted to “further” his findings that the former…
Tax Commissioner appeals Hannover Life win on tax credits
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The Commissioner of Taxation has appealed a judgment that found reinsurer Hannover life should be allowed tax credits for GST paid on a share of its overheads, including rent and power.
HWL Ebsworth can’t point finger at client to reduce liability for negligence
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A judge has ruled that HWL Ebsworth’s negligent advice over property in Paramatta’s ‘Auto Alley’ cost a client $2 million, rejecting the firm’s plea of contributory negligence against the owner.
ACCC rejects $4.9B ANZ, Suncorp merger
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The ACCC has rejected ANZ’s $4.9 billion acquisition of Queensland-based Suncorp, setting up a likely challenge before the Australian Competition Tribunal.
Deloitte’s $2.5M bill in CBA class action holds up settlement approval
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A judge asked to approve a $50 million settlement in a consumer credit insurance class action against the Commonwealth Bank has questioned a $2.5 million deduction for professional services firm Deloitte.