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ATO prepared to rule out prosecuting PwC for tax offences after privilege fight
Accounting 2021-04-16 2:30 pm By Miklos Bolza

The Australian Taxation Office has told a judge it would be prepared to “give comfort” to PricewaterhouseCoopers that it will not prosecute the accounting giant for tax offences relating to documents at the centre of a court battle over privilege.

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ACCC does about-face, blesses MYOB’s acquisition of GreatSoft
ACCC 2021-04-16 11:17 am By Cat Fredenburgh

The ACCC has approved accounting software provider MYOB’s acquisition of cloud practice management software provider GreatSoft, reversing its earlier position that the deal could harm competition because the South Africa-based company had the potential to become a strong competitor to MYOB as more accounting firms migrate to the cloud.

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Google misled users about location data privacy, judge rules
ACCC 2021-04-16 10:29 am By Christine Caulfield

Google misled or is likely to have misled some reasonable users of its Android devices about the digital giant’s use of their location data, a judge has found in a win for the consumer regulator.

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Greensill Capital administrators recommend winding up as ‘only suitable option’
Financial Services 2021-04-15 11:29 pm By Christine Caulfield

Administrators appointed to the Australian arm of supply-chain finance firm Greensill Capital are recommending that creditors, which are owed in excess of $1.75 billion, vote to wind up the company.

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‘Bad faith, deception, unfair pressure’: 4WD rental company fined $1.2M for unconscionable conduct
ACCC 2021-04-15 9:56 pm By Miklos Bolza

A judge has slapped a 4WD rental company that made “harsh and unjustified threats” against customers who challenged its decision to retain their security deposits with a $1.2 million fine.

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Ex-AFL player’s eyewear company defeats indie band’s challenge to ‘xx’ trade mark  
Entertainment 2021-04-15 4:47 pm By Cindy Cameronne

English indie band The xx has lost its bid to block an Australian sunglasses company co-founded by former AFL player Tom Sheridan from registering its ‘xx’ trade mark, with a delegate from the Trade Marks Office finding the band’s reputation did not extend to clothing or eyewear.

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Gaming watchdog dragged into Crown class action over Chinese gambling crackdown
Class Actions 2021-04-15 4:16 pm By Miklos Bolza

Victoria’s gaming regulator may seek to block access by a shareholder class action against Crown Resorts to transcripts of interviews with Crown employees about a Chinese gambling crackdown that resulted in the jailing of 19 employees in 2016.

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Hannover Life in $12M battle with ATO over input tax credits
ATO 2021-04-15 3:09 pm By Miklos Bolza

Hannover Life Re of Australasia has launch a courtroom challenge to a decision by the Australian Taxation Office which rejected $12 million in input tax credits it claimed from overheads and a distribution agreement entered into with Real Insurance.

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Leading tax litigator among three new partners snagged by Gadens
Gadens 2021-04-14 10:17 pm By Cindy Cameronne

Gadens has recruited three new partners to join the growing firm, including a tax litigation specialist who previously represented the Commissioner of Taxation in high-profile litigation against Crown Resorts.

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Ben Roberts-Smith accused in court of ‘deliberate concealment’ of docs, as AFP confirms probe
Anna Mitchelmore 2021-04-14 9:58 pm By Christine Caulfield

News publishers facing a defamation suit by Ben Roberts-Smith have called on the war veteran to explain alleged “deliberate concealment” of documents relevant to the case, as the Australian Federal Police reveals they are investigating claims he buried evidence.

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