{"id":2746,"date":"2025-06-08T16:53:50","date_gmt":"2025-06-08T06:53:50","guid":{"rendered":"https:\/\/peloton.group\/?page_id=2746"},"modified":"2026-10-09T09:19:38","modified_gmt":"2026-10-08T22:19:38","slug":"disputes-valuations","status":"publish","type":"page","link":"https:\/\/peloton.group\/dev26\/disputes-valuations\/","title":{"rendered":"Disputes Valuations"},"content":{"rendered":"<div class=\"et_pb_section_0 et_pb_section et_section_regular et_block_section industry-section\" id=\"next\">\n<div class=\"et_pb_row_0 et_pb_row et_pb_gutters3 et_block_row\">\n<div class=\"et_pb_column_0 et_pb_column et_pb_column_4_4 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\">\n<div class=\"et_pb_text_0 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module benefits\"><div class=\"et_pb_text_inner\"><p>The Peloton team has extensive experience assisting parties involved in commercial, tax, family and regulatory disputes.<\/p>\n<p>Our team has provided expert testimony and reports in various jurisdictions including:<\/p>\n<ul>\n<li>Federal Court<\/li>\n<li>Supreme Court (Vic, WA, NSW)<\/li>\n<li>Federal Circuit and Family Court<\/li>\n<li>WA State Administrative Tribunal<\/li>\n<li>Telecommunications Ombudsman hearing<\/li>\n<li>Postal price regulation (ACCC)<\/li>\n<li>Australian Electricity Regulator hearings (AER)<\/li>\n<li>South Australian water regulator (ESCOSA)<\/li>\n<li>Victorian electricity regulator (ESC Vic)<\/li>\n<li>NSW price regulator (IPART)<\/li>\n<li>Queensland energy regulator (QRA)<\/li>\n<\/ul>\n<p>Our team has worked with clients including government agencies, parties subject to compulsory acquisition processes, large ASX-listed companies, infrastructure owners, revenue authorities (Australia and New Zealand), shareholders in unlisted businesses, partners in unincorporated businesses, parties involved in Family Law disputes and individuals who have suffered personal injury.<\/p>\n<p>We are well-versed in the requirements and expectations of the Federal Court Expert Witness Guidelines and share the judicial philosophy and objective of seeking answers to commercial and regulatory problems with an open, independent and unbiased mind.<\/p>\n<h2>What type of disputes can Peloton help us with?<\/h2>\n<p>The Peloton team has been involved in a wide variety of disputes involving valuation and valuation-related issues including:<\/p>\n<ul>\n<li>Loss of profits in relation to compulsory acquisition and personal injury claims<\/li>\n<li>Compulsory acquisition by government agencies and infrastructure operators<\/li>\n<li>Business valuation in commercial and regulatory contexts<\/li>\n<li>Complex international transfer pricing disputes<\/li>\n<li>Intangible asset valuations for regulatory and commercial purposes<\/li>\n<li>Cost of capital formulation for regulatory purposes<\/li>\n<li>Value of minority discounts in shareholder disputes<\/li>\n<li>Complex valuation issues involving securities and cross-border transactions<\/li>\n<li>A wide range of tax (ITAA) matters<\/li>\n<\/ul>\n<p>As in independent, specialist valuation firm, Peloton is free of many of the commercial and actual conflicts which constrain multi-service firms such as audit and insolvency practices.<\/p>\n<h2>Peloton's work is appreciated by the lawyers involved<\/h2>\n<p>Very few of the disputes in which we are involved proceed to hearing \u2013 the vast majority settling in advance.<\/p>\n<p>The lawyer for a major client made the following statement with respect to landmark litigation led by Michael Churchill\u2019s report and evidence: <strong><em>\u201c<\/em><\/strong><em>I congratulate you on your performance in the witness box during last month's hearing.\u00a0 You were professional, clear and concise and, most importantly of all, very helpful to the Court.\u00a0 More generally, I commend you for providing considered advice on the issues raised in the proceedings, timely responses to requests from Counsel and timely preparation of a thorough report.\u201d<\/em><\/p>\n<p>The mediator (retired High Court judge) in a major mining and refining stamp duty dispute commented that our report - one of seven expert opinions presented \u2013 addressed the valuation of the company\u2019s assets in the most clear and logical manner and consequently was the one he preferred.<\/p>\n<h2>Examples of our work<\/h2>\n<p>In Origin Energy Power Ltd and Commissioner of State Revenue [2007] WASAT 302, Justice Barker said (293 and 298) <em>\u201c\u2026In the event, I consider there is considerable force in the analysis made [by Mr Churchill] on behalf of the Commissioner in relation to the consideration of goodwill in this case\u2026.In the particular factual circumstances presented to the Tribunal, the expert opinion of Mr Churchill supports the view that the legal notion of goodwill is not satisfied in this case.\u201d<\/em><\/p>\n<p>In Hosking\u00a0 v \u00a0Ipex\u00a0 Software Services Pty Ltd [2004] VSC 299 (25 August 2004) Justice Habersrberger said (at 135) <em>\u201c\u2026 I found Mr\u00a0Churchill to be a credible witness in respect of the limited evidence he was able to give.\u201d<\/em><\/p>\n<p>In the judgement in the Supreme Court of Victoria in a dispute related to the Timbercorp managed investment schemes (BOSI Security Services Limited v Australia and New Zealand Banking Group Limited &amp; Ors). , Davies J commented <em>\u201cMr Churchill adequately explained his reasons for using the IRRs of other similar managed investment schemes and in my view, those reasons have cogency\u201d<\/em> (paragraph 155). In relation to Mr Churchill\u2019s evidence on discount rate, Davies J commented <em>\u201cSenior counsel for the growers criticised the [Churchill] logic of the grossing up. I do not accept the criticism as the analysis did not lack logic, in my view, but was well reasoned and realistic\u201d<\/em> (paragraph 159) and <em>\u201cI am persuaded by Mr Churchill\u2019s reasoning that the discount rate of 25% is justified and appropriate\u201d<\/em><\/p>\n<\/div><\/div>\n\n<div class=\"et_pb_module et_pb_button_module_wrapper et_pb_button_0_wrapper\"><a class=\"et_pb_button_0 et_pb_button et_pb_bg_layout_light et_pb_module et_block_module\" href=\"https:\/\/peloton.group\/dev26\/request-a-valuation\/\">Request a Valuation<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n<div class=\"et_pb_section_1 et_pb_section et_section_regular et_block_section\" id=\"cta\">\n<div class=\"et_pb_row_1 et_pb_row et_block_row\">\n<div class=\"et_pb_column_1 et_pb_column et_pb_column_4_4 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\">\n<div class=\"et_pb_cta_0 et_pb_promo et_pb_bg_layout_dark et_pb_module et_block_module\"><div class=\"et_pb_promo_description\"><h2 class=\"et_pb_module_header\">Interested in finding out more?<\/h2><\/div><div class=\"et_pb_button_wrapper\"><a class=\"et_pb_button et_pb_promo_button\" href=\"https:\/\/peloton.group\/dev26\/contact\/\">Contact our team today<\/a><\/div><\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":5,"featured_media":3649,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2746","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/peloton.group\/dev26\/wp-json\/wp\/v2\/pages\/2746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/peloton.group\/dev26\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/peloton.group\/dev26\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/peloton.group\/dev26\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/peloton.group\/dev26\/wp-json\/wp\/v2\/comments?post=2746"}],"version-history":[{"count":7,"href":"https:\/\/peloton.group\/dev26\/wp-json\/wp\/v2\/pages\/2746\/revisions"}],"predecessor-version":[{"id":3964,"href":"https:\/\/peloton.group\/dev26\/wp-json\/wp\/v2\/pages\/2746\/revisions\/3964"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/peloton.group\/dev26\/wp-json\/wp\/v2\/media\/3649"}],"wp:attachment":[{"href":"https:\/\/peloton.group\/dev26\/wp-json\/wp\/v2\/media?parent=2746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}