ATO Rejected $8.4 million Caltex Claim

ATO Rejected $8.4 million Caltex Claim

3 years ago
Outwardly, there’s little difference between oils. But when it comes to tax law and financial incentives to businesses to recycle oils and greases, just a pair of parentheses can mean millions of dollars. The federal Parliament has been forced into overhauling a pioneering piece of Howard government-era legislation after a Federal Court ruling that up-ended almost 20 years of accepted tax law. The Product Stewardship (Oil) Act was introduced in 2000 in a bid to […]
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Viva sits on sidelines as EG Group, Macquarie monitor Caltex

4 years ago
Sources close to the $3.3bn Viva Energy have swiftly rebuffed suggestions that it could be part of a takeover attempt for Caltex with EG Group and potentially interests associated with Macquarie. But that does not mean it will pass up an opportunity to buy its assets further down the track. Britain’s EG Group is believed to have been trying to build a consortium for a rival bid for Caltex, and Viva Energy has been named […]
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Ampol service stations to return to Australia as Caltex is forced to rebrand

4 years ago
The last time Australians filled their cars up at Ampol service stations more than 20 years ago, petrol prices were around 70 cents a litre, about half the price they are now. But now there are plans to bring back the Ampol brand after US oil giant Chevron terminated permission for Caltex Australia to use the Caltex name. The Ampol brand was phased out after it merged with Caltex in 1995. Caltex said it would […]
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Caltex CEO

Caltex boss’s star-gazing plans in wake of Canadian player’s bid

4 years ago
  The fate of Australia’s leading fuel distributor Caltex is in the hands of a giant Canadian outfit, the Caltex management team … and the gods. Just as Australian political sensitivity to fuel security is peaking, the prospect of a sale of all or part of Caltex, which includes a refinery and an import terminal, has ramifications well beyond a corporate play.   read more @ Tha Australian
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Caltex to raise $500m, sell more petrol stations as it waits on suitor

4 years ago
As per SMH article Fuel retailer Caltex is planning a $500 million capital raising and has offloaded 25 petrol stations for $136 million as it navigates an $8.6 billion takeover bid from a Canadian suitor. Caltex rebuffed suitor Quebec-based Alimentation Couche-Tard’s $34.50-a-share offer on Tuesday, saying it “undervalued” the company. At the same time, it offered Couche-Tard, which is French for ‘night owl’, access to non-public information to allow it to submit a revised bid, […]
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