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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 Sydney

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

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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CBA hit with $3.55M penalty for ‘alarming’ spam breaches
ACMA 2023-06-07 4:58 pm By Gareth Baker Sydney

Commonwealth Bank of Australia has copped a record $3.55 million penalty for breaching spam laws after it sent more than 65 million emails without an easy way for individuals to unsubscribe.

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Clive Palmer can’t quash CITIC subpoenas over sale of nickel refinery in $1.8B case
Allens 2023-06-07 11:56 pm By Gareth Baker Sydney

Mining magnate Clive Palmer and his company Mineralogy have lost a bid to block subpoenas asking their advisors to hand over information regarding the sale of Townville’s Yabulu nickel and cobalt refinery, as part of a $1.8 billion fight over the value of the site.   

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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 Sydney

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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Law firm served with class action over employee’s fraud
Business of Law 2023-06-06 11:08 pm By Sam Matthews Melbourne

A law firm in regional New South Wales has been hit with a class action seeking to hold it liable for the alleged fraud of a former employee who was sentenced to a term of imprisonment for fraud offences in 2021.

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Restaurant chain Fogo Brazilia, law practice face franchisee class action
Class Actions 2023-06-06 3:50 pm By Cindy Cameronne

Restaurant chain Fogo Brazilia is facing a class action alleging it misled franchisees about the profitability of its businesses, with business owners also making claims against an employment law practice that drafted the franchise agreements.

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Bubs Australia sued by founder, ex-chairman after board spill
Clayton Utz 2023-06-06 1:43 pm By Cindy Cameronne Sydney

Two directors who were ousted from Bubs Australia and have mounted a challenge to its new leadership have filed proceedings against the infant formula company for breach of workplace rights.

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Insurers on hook for combustible cladding claims against builder LU Simon
Amelia Smith 2023-06-06 3:14 pm By Cindy Cameronne Sydney

A judge has found insurers must cover claims against builder LU Simon Builders over alleged combustible cladding in Melbourne’s Atlantis Towers after a judge found the owners were “obvious candidates” to bring legal action.

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Court action launched over Tanya Plibersek’s ‘irrational’ coal mine approvals
Climate change 2023-06-06 12:29 pm By Gareth Baker Sydney

Climate justice groups have launched a challenge to federal environment minister Tanya Plibersek’s decision to expand two proposed mega coal mines in NSW, arguing her refusal to accept the scientific evidence of climate risk was irrational and unlawful. 

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