In April 2008, the former directors of International Finance Corporation Pty Ltd (in liquidation) (IFC) were found guilty on several charges following investigation by the Australian Securities and Investments Commission (ASIC).
The directors were charged with having aided IFC issuing debentures to investors in breach of the Corporations Act.
The charges related to 22 debentures offered and [...]

The “Australia 2020 Summit — Initial Report” is available at: 
www.australia2020.gov.au/report/index.cfm
The Initial Report foresees, amongst others: 
A national and holistic tax system that is fair, simple and efficient to support the global competitiveness of Australia’s economy.
A comprehensive review of state and federal taxes within two years. This includes measures to simplify taxes and reduce inefficient taxes. 
Tax exemption [...]

Prime Minister Kevin Rudd has suggested a “root and branch” review of the tax system.  However, the GST rate will not change.  By world standards, Australia’s GST rate is modest.
There is nothing new, again by world standards, in politicians suggesting tax system reviews.  See David Martin’s work on Tax Simplification elsewhere on this website and my summary [...]

The following case illustrated that it often helps to talk to a solicitor about the terms of a contract before acting on what you thought was right.
  
A purchase of shares in a retailer company fell through because the buyers failed to follow the prescribed procedure after exercising their option to purchase. In this case a [...]