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ATO, Raptis Group to enter ‘commercial discussions’ in $110M tax case
ATO 2021-10-21 12:21 pm By Miklos Bolza

The Australian Taxation Office will have “commercial discussions” with Gold Coast property developer James Raptis before deciding whether to seek summary judgment in a case over $109.5 million in alleged tax avoidance.

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Worker’s rejection of ‘derisory’ $100 settlement offer not unreasonable, judge finds
Employment 2021-10-21 2:33 pm By Bianca Hrovat

A rejected $100 offer of compromise was not sufficient to warrant a costs order to a Queensland automotive company after it succeeded in Fair Work proceedings brought by a former contractor, a judge has found.

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Joint venture lobs $50M lawsuit over $1.37B Melbourne Metro payout
Construction 2021-10-20 5:39 pm By Miklos Bolza

A joint venture which helped design the Melbourne Metro has filed a $50 million lawsuit claiming they were not given enough of a $1.37 billion payout promised by the state’s government to cover additional work.

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Arrest warrant issued for Forum founder Bill Papas
Allens 2021-10-20 1:00 pm By Miklos Bolza

The Federal Court has issued an arrest warrant for Forum Finance founder Bill Papas for contempt of court for allegedly transferring $720,000 out of one of his companies in breach of a freezing order.

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Social media surgeon seeks urgent injunction ahead of Four Corners episode
ABC 2021-10-20 9:32 pm By Bianca Hrovat

A Sydney-based plastic surgeon with more than 5 million followers on TikTok has taken the ABC to court to block an upcoming episode of Four Corners about him from running.

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CIMIC spars with insurers over coverage for Iraq bribery cases
Allens 2021-10-20 3:48 pm By Cindy Cameronne

Engineering services firm CIMIC Group has launched proceedings against ten insurers seeking indemnity for costs arising from allegations the company engaged in corrupt practices, including bribing government officials in Iraq.

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Crane maker NQCranes loses bid to strike out ACCC’s cartel case
ACCC 2021-10-20 12:20 pm By Cindy Cameronne

Queensland crane company NQCranes has lost its bid to strike out the bulk of the ACCC’s amended case alleging it engaged in a conspiracy with a multinational rival to divide the Brisbane and Newcastle markets.

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‘Elephant in the room’: Judge questions conduct of some lawyers for Banksia legal team
Andrew Palmer 2021-10-19 9:54 pm By Christine Caulfield

Last week’s judgment denouncing the scandalous behaviour of the legal team running the Banksia Securities class action cast a spotlight on the conduct of lawyers for some of the defendants, asking whether “untenable” defences were maintained beyond an acceptable point in the case.

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Colonial First State ordered to pay $20M for misleading 13,000 MySuper members
Alexandra Folie 2021-10-19 2:18 pm By Miklos Bolza

The Federal Court has slugged wealth management firm Colonial First State Investments with a $20 million penalty for misleading almost 13,000 superannuation members about their MySuper entitlements through a “concerted campaign” that lasted two years.

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Virtus ‘author of its own fate’ if Adora acquisition fails, judge says
ACCC 2021-10-19 9:30 pm By Cindy Cameronne

IVF provider Virtus Health would be “the author of its own fate” if its proposed acquisition of rival Adora Fertility flopped, a judge has said in hearing the ACCC’s bid for a temporary injunction blocking completion of the planned purchase.

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