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PwC client suing for negligence agrees to keep Hawthorn property off market
Accounting 2023-06-09 11:56 pm By Sam Matthews

A former PricewaterhouseCoopers client who is suing the accounting firm over the $88 million sale of wholesale food company Hudson Pacific to Retail Food Group in 2016 has agreed to keep a Melbourne property off the market, but the company has not ruled out a bid for security for costs.

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Ten can’t question Lehrmann on leaks of Brittany Higgins material
Barry Dean 2023-06-09 11:26 pm By Gareth Baker

Ten has failed in a push to question Bruce Lehrmann on whether he leaked restricted material produced during the accused rapist’s criminal trial to select media, as it defends itself against his defamation case, with a judge saying the network was “fishing”.

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Colonial can’t shield lawyer emails due to class action applicant’s ‘joint privilege’
Alexandra Folie 2023-06-09 10:16 pm By Cindy Cameronne

Wealth management firm Colonial First State has lost its bid to shield emails with internal counsel about investment options for its FirstChoice super fund after a judge found a class action applicant had joint legal professional privilege.

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Suncorp admits to underpaying workers by $32M
Employment 2023-06-09 3:55 pm By Sam Matthews

Insurers Suncorp and AAMI have back-paid $32 million to thousands of employees who were underpaid over a period of almost eight years. The insurers will also make a $520,000 contrition payment to the Commonwealth as part of an enforceable undertaking entered into with the Fair Work Ombudsman. Suncorp underpaid over 15,800 employees between May 2014…

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Seven loses stoush with 7-Eleven over ‘7NOW’ trade mark
7-Eleven 2023-06-08 11:38 pm By Gareth Baker

Seven Network has lost its effort to stop convenience chain 7-Eleven from using a contested logo even though Seven had registered the trade mark first, with a court finding the broadcaster sat on the mark for too long before using it. 

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JWS nabs BHP vice president for Melbourne tax practice
BHP 2023-06-08 2:16 pm By Gareth Baker

Johnson Winter Slattery has appointed senior tax specialist Don Spirason, former Vice President of Tax at BHP, as a special counsel based in Melbourne. Spirason joins JWS with more than 20 years’ tax experience, including more than 10 years at BHP and 5 years at Foster’s Group. Beginning his career at Corrs Chambers Westgarth, he…

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ATO denies telling tax board to wind back PwC leak inquiry
Accounting 2023-06-07 11:30 pm By Cindy Cameronne

A report alleging that the ATO asked the Tax Practitioner Board to curtail its investigation of a PwC tax leaks scandal was “fundamentally misleading”, a senior tax official has said.

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Destination High Court as law firm lodges fourth Downer EDI class action
Class Actions 2023-06-07 11:23 pm By Sam Matthews

Multiple class actions against Downer EDI over accounting irregularities might be bound for the High Court as complex legal questions swirl, a judge said on Wednesday.

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KPMG admits ‘painful’ mistakes, condemns PwC scandal
Accounting 2023-06-07 11:06 pm By Cindy Cameronne

Executives from KPMG have condemned the PwC tax breach scandal as ‘disturbing’ and admitted past mistakes after the firm was rocked by an exam cheating scandal.

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ANZ lashes rival’s ‘distorted’ arguments in final push for $4.9B Suncorp deal
ACCC 2023-06-07 5:05 pm By Gareth Baker

ANZ has rubbished arguments from a competitor and the ACCC that its merger with Suncorp’s banking arm will reduce competition and hurt consumers, saying the watchdog had been asked to believe a “distorted and selective view” of the proposal.

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