This is what started it, Clair:
The legal action, which has seen scores of ugly family emails publicly released, began in September 2011 when Mrs Rinehart changed the vesting date of the Hope Margaret Hancock Trust - established by her father Lang Hancock for his four grandchildren - days before her son and daughters were due to come into the money.
She changed the date they would be able to get the money out of the trust to years away.. her kids would be about 80 or so when they could receive the money.
Mrs Rinehart warned her children that the original vesting date of the Trust, which holds almost 25 per cent of the shares in the family flagship company Hancock Prospecting, would leave them exposed to substantial capital gains tax liability and likely bankrupt them.
This was not true. Her son got a ruling from the ATO proving it was incorrect. No CGT applicable.
But her two children suing her, John Hancock and Bianca Rinehart, still want the case to proceed next week because they say she engaged in a "deliberate strategy to mislead them", including asking her right hand man to hold off sending tax advice until the eve of the trust vesting date.
http://www.dailytelegraph.com.au/news/gina-rinehart-tells-court-she-no-longer-wishes-to-be-trustee-o...
