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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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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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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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Clifford Chance lures competition partner from Clayton Utz
Business of Law 2023-06-06 4:29 pm By Gareth Baker Sydney

Clifford Chance has added former Clayton Utz competition and consumer law partner Elizabeth Richmond to the firm’s global antitrust team in Sydney.

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Dell admits duping customers about price of add-on monitors, says sorry
ACCC 2023-06-06 3:14 pm By Gareth Baker Sydney

Dell Australia has apologised to consumers and admitted misleading those who purchased add-on computer monitors by inflating the pre-discount price, sometimes to more than the product’s normal retail value.

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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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Hog’s Breath class action ‘can’t be left in abeyance forever’, judge says
Class Actions 2023-06-05 4:22 pm By Gareth Baker Sydney

A judge has warned against a franchisee class action against Hogs Breath Cafe Australia remaining in limbo after the restaurant chain’s bid to toss the case was set back by the second applicant’s poor health. 

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ASIC hits Melbourne CFD broker with interim stop order
ASIC 2023-06-02 10:01 pm By Gareth Baker Sydney

ASIC has issued an interim stop order barring a Melbourne-based investment broker from opening trading accounts or dealing in contracts for difference or margin foreign exchange contracts to retail investors. 

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Nine’s win in Ben Roberts-Smith defamation case no watershed for publishers
Analysis 2023-06-01 11:17 pm By Christine Caulfield

With truth on its side, Nine’s defeat of soldier Ben Roberts-Smith’s lawsuit was a huge win for investigative journalism in Australia, but while it might make lawyers blink before bringing defamation cases, the victory is not a game-changer, experts say.

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