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ASIC’s power to order fines for Credit Code violations won’t face challenge
ASIC 2023-06-27 11:54 pm By Cindy Cameronne Sydney

Queensland lender SunshineLoans has lost its second bid for the Full Court to decide whether ASIC has the power to bring civil penalty proceedings for violations of the Credit Code, with a judge finding its arguments were not strong enough to vacate an upcoming trial.

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Hannover Life scores partial win against tax office over GST credits
ATO 2023-06-27 5:18 pm By Gareth Baker

Hannover Life Re should be allowed tax credits for GST paid on a share of its overheads, including rent and power, a judge has found in a partial win for the reinsurer.

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Sour grapes as Champagne growers appeal trade mark decision
Appeals 2023-06-27 4:18 pm By Gareth Baker Sydney

The French association representing wine producers from Champagne is appealing a recent trade mark loss to an Australian health retailer, claiming a product being sold on Aussie shelves is using its coveted name without assurances it originates from the French region. 

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Medibank’s capital requirement lifted to $250M after data breach
APRA 2023-06-27 2:53 pm By Gareth Baker Sydney

The Australian Prudential Regulation Authority has raised Medibank’s capital adequacy requirement by $250 million, following last year’s cyber attack against the private health insurer, which exposed the personal details of 10 million customers. 

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Crown backpays $1.2M to employees wrongly classified as award-free
Crown Resorts 2023-06-23 4:36 pm By Gareth Baker Sydney

Casino operator Crown Resorts has agreed to backpay employees more than $1.2 million, after the company notified the Fair Work Ombudsman that it had underpaid workers at its Melbourne and Perth locations for almost six years. 

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Human rights lawyers can intervene in ATO whistleblower case
Appeals 2023-06-22 4:27 pm By Gareth Baker Sydney

The Human Rights Law Centre has been given the go ahead to intervene as amicus curiae in the case of ATO whistleblower Richard Boyle, after a March ruling that the former debt collection officer could not rely on statutory whistleblower protections

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Insurer seeking to examine Arrium liquidators can’t shield docs
Alexander Di Stefano 2023-06-21 11:30 pm By Cindy Cameronne Sydney

Insurer Atradius has lost its bid to keep under wraps information supporting its application to publicly examine three KordaMentha directors about their administration of the Arrium Group after a judge found it would not prejudice a similar bid in related proceedings. 

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ASIC obstructing Senate committee’s investigation: report
ASIC 2023-06-20 11:54 pm By Cat Fredenburgh

A Senate committee tasked with investigating ASIC’s effectiveness at targeting serious misconduct has slammed the regulator for obstructing its work.

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Claws out: Monster Energy appeals loss in trade mark dispute with MuscleTech
Appeals 2023-06-20 5:08 pm By Gareth Baker Sydney

Monster Energy has lodged a Federal Court appeal after failing to block supplements retailer MuscleTech from registering a new logo that it alleges is similar to its own M claw mark. 

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Chobani loses test case over GST on Flip yoghurt range
ATO 2023-06-20 3:46 pm By Gareth Baker Sydney

Chobani has lost a dispute over the tax office’s recent decision to apply GST to the US yoghurt maker’s Flip range.

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