![Employment minister Senator Michaelia Cash: The ruling on employee entitlements reimbursement will cost the government.](/web/20170324112412im_/http://www.smh.com.au/content/dam/images/g/t/1/f/f/0/image.related.landscape.460x307.gv5o7p.png/1490336827622.jpg)
Landmark ruling on collapsed company a blow for taxpayers
The taxpayer is set to wear a heftier price tag from failed companies after a landmark ruling on employee entitlements.
Sarah is a business courts reporter based in Melbourne.
The taxpayer is set to wear a heftier price tag from failed companies after a landmark ruling on employee entitlements.
The corporate watchdog has dropped its investigation into debt-strapped listed law firm Slater and Gordon after finding no evidence it had manipulated its accounts in the lead-up to its disastrous foray into the UK.
Concerns that there are too many class actions against companies are ill founded, according to Federal Court judge Bernard Murphy.
Perpetual senior lawyer Jessie Moodley told the Corporate Conduct and Class Action symposium in Melbourne fees charged by class action lawyers and funders are "excessive".
Esteemed Federal Court judge Jonathan Beach has dismissed concerns about the "Americanisation" of Australia's class action system.
Pressure is building on the federal government to launch a royal commission into Australia's scandal-plagued banking system.
Australia's banking regulator says the country's housing market is in an environment of "heightened risk", but he won't say there's a housing bubble.
The head of Australia's corporate watchdog has again sounded the alarm over Sydney and Melbourne's housing markets, saying they're in the midst of a price bubble.
The man in charge of the Productivity Commission's inquiry into access to justice has criticised Attorney-General George Brandis for attempting to influence the outcome of the review.
Financially distressed listed law firm Slater and Gordon is expected to avoid collapse after confirming that its new senior lenders are supportive of a restructure of the company.
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