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An ex gratia payment under Queensland’s tax laws is just what it means — one made by the state revenue office as a favour and not a legal obligation, a court has found in a loss for UK developer Avon.
Developer sued over ‘off-the-plan’ apartment purchase in lux Queensland high-rise
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Queensland developer Cav Gasworks is facing a suit by a purchaser of an ‘off-the-plan’ apartment, after being ordered to pay $10.3 million for using a sunset clause to renege on an agreement with another buyer in the luxury Newstead high-rise.
Australia signs landmark critical minerals deal with US
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Australia has reached an agreement with the US for the supply of critical minerals and rare earths amid increasing competition with China, starting with projects in Western Australia and the Northern Territory.
Real estate emerges from interest rate-linked contraction: Dexus
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Australian real estate is bouncing back, with returns expected in the 7 to 9 per cent range over the next year, after a period of contraction triggered by an interest rate spike, according to new research.
Jon Adgemis’ South Bondi Hotel to be put on market later this year
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Receivers for Jon Adgemis’ Public Hospitality Group are planning to put the South Bondi Hotel on the market by the end of the year.
Ex-Keybridge CEO can’t bring derivative suit over ACM investment
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Former Keybridge CEO Nicholas Bolton, who was voted out in a board spill earlier this year, has lost his bid to bring a derivative suit against director Frank Catalano over a failed bid to acquire a rural publisher previously owned by Nine.
ATO defeats bid by Brite receivers to be dragged into ASIC case
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A judge has refused to join the ATO as an interested party to a case over the receivership of investment platform Brite Advisors, after the receivers worried they could be on the hook for $75.4 million in capital gains tax.
Entrepreneur Aaron Sansoni secures injunction, contempt conviction against ex-CFO
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The sacked CFO of Aaron Sansoni Group International who allegedly took control of the company’s domain names and the business name of its eponymous founder has been convicted of contempt and hit with freezing orders.
Banksia case against receiver has dim prospects, is out of time, court finds
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KMPG partner John Lindholm has escaped a potential probe into his decision to endorse a settlement in the scandal-ridden Banksia Securities class action as the receiver for the collapsed lender.
Apple, Google say orders sought by Epic Games go ‘well beyond’ case
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In the wake of a judgment that Apple and Google misused their market power in running their app stores, the tech giants are fighting injunctions proposed by Epic Games, which they say go beyond the case argued at trial.