From au.investing.com: Alcoa Corporation successfully resolved a tax dispute with the Australian Taxation Office, with the Administrative Review Tribunal ruling no additional tax is owed on alumina sales.

The dispute centered on the ATO’s claim for additional tax based on past third-party alumina sales, which Alcoa contested.

The company anticipates a refund of $67 million by June 2025, while also projecting a net cash impact of approximately $149 million over the next fourteen months.