MARKETS

The waiting game

COAL player Moreton Resources is playing the waiting game on a case dating back to its underground coal seam gasification past that could end up costing it millions of dollars.

Noel Dyson
Moreton Resources' Mackenzie project plays a role in its ATO battle.

Moreton Resources' Mackenzie project plays a role in its ATO battle.

The company is fighting the Australian Tax Office over research and development offsets that the tax office wants repaid. In all, Moreton could be on the hook for about $8.2 million relating to R&D offsets...

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