This Month
PwC still paying for bungled tax leaks response
PwC is now paying the price for forcibly ushering several partners out the door.
Why this economic downturn will hit harder than the GFC
Two decades after spinning out of global firm KPMG, insolvency and advisory firm McGrathNicol has seen the rise and fall of corporate titans and economies.
June
- Analysis
- IPO
Guzman y Gomez’s big challenge? Keeping its franchisees smitten
The growth of the Mexican-themed fast-food business is directly tied to its store owners. The experience of other companies shows managing this is no easy task.
Nine Entertainment to cut 200 jobs as Meta content deal ends
CEO Mike Sneesby made the announcement as Nine battles a weaker advertising market and a content deal with Meta, which runs Instagram and Facebook, ends.
Pepsi beats ATO on appeal over royalty taxes
Attempts to reel in multinationals using complex deals and structures to minimise tax have been dealt a blow after the beverage giant challenged its tax bill.
How the Federal Court stymied open justice
Once one of the country’s most progressive courts, the Federal Court has become a black hole of silence and suppression applications.
Deloitte to verify Keystone payments amid ASIC investigation
Deloitte will be appointed by the Federal Court to monitor and verify payments related to the ongoing management of Keystone Asset Management.
- Updated
- Exclusive
- Superannuation
Keystone lent money to director’s $300m Port Douglas resort dream
Keystone Asset Management, under ASIC investigation, lent money to companies associated with a director’s controversial plan to develop an “uber five-star luxury” resort in Port Douglas.
Federal Court rules iSignthis misled the market
A Federal Court judge says payments company iSignthis and its former managing director John Karantzis misled the market, but ASIC had failed to prove that the boss knew about performance milestones and deliberately structured revenue to trigger share bonuses.
Macquarie customer funds caught up in Keystone asset freeze
Customers using its online trading platform Wrap are caught up in ASIC’s investigation of Keystone Asset Management and the freezing of its funds’ assets.
Former Keystone director ordered to hand over passport
Former Keystone Asset Management director Paul Chiodo has been ordered to hand over his passport as the corporate regulator investigates the use of investor cash at the funds business.
Can Guzman y Gomez’s New Yorker frontman prove everyone wrong?
Managers say the IPO is too riddled with cushy perks for insiders to offer value. Founder Steve Marks disagrees.
Former Cranbrook teacher sues school alleging unsafe environment
Sydney private school Cranbrook is dealing with a new legal action brought by a former teacher who alleges the environment was unsafe for female staff.
- Updated
Catherine West takes Nine’s helm – and crisis – from Peter Costello
The broadcast and publishing giant’s new chair is in the biggest role of her life, steering a company reeling through an uncertain future. Is she up for it?
Australian Unity hit with stop orders over investment questionnaire
The funds manager has been pinged by ASIC for tactics that could have inappropriately funnelled clients into its one of its funds.
‘EY have modelled it’: Emails reveal advice that cost client $50m
In 2014, Billabong founder Gordon Merchant wanted to sell his bioplastics business. He also wanted to make sure he didn’t pay much tax. Now the advice he took from EY has led to a $50m tax bill.
- Exclusive
- Insolvency
Doctor told everything fine weeks before service provider collapsed
The founder of collapsed medical telehealth and legal advisory service provider eReports claimed his business would be trading for “many years to come”.
Risk for critical infrastructure over China-manufactured drones
Australian critical infrastructure is at risk of spying and disruption with a lack of government guidance over the growing use of unmanned drones to monitor and carry out menial work, new research says.
May
- Exclusive
- Defamation
Former PwC partner sues firm for allegedly linking him to tax scandal
Richard Gregg alleges people have shunned and avoided him because of an implication by PwC that he was involved in the tax leaks scandal, when he was not.
- Updated
Leonardo Ai co-founder says AI will enhance, not crush, creativity
Generative artificial intelligence will enhance creative work done by real people rather than replace them, the founder of a Sydney-based start-up says.