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👋 G’day

Today’s brief:

  • BDO CEO calls out partner’s refusal

  • NSW Supreme Court has a new judge

  • High legal fees push workers toward AI

Here’s your latest, PB #{{join_number}} 👇

WORD ON THE STREET

Welcome backlash

A senior BDO partner used his own welcome address at a national staff event to slam Acknowledgement of Country, then flatly refused to give one. Guest panellist Tim Reardon stepped in with his own instead. CEO David Garvey called it “unacceptable”. BDO is now investigating: AFR

  • Richard Scruby SC trades silk for the bench, swearing into the Supreme Court of NSW's Equity Division on 3 September after 24 years at the bar. He's the third silk to join this year, following Katherine Richardson SC and Helen Roberts SC: Point Blank

  • Jarden's bid to raid the phones of ex-execs Daniel Reynolds and Silvana Schenone just hit a wall, with a Kiwi judge tossing the application over jurisdiction. Jarden reckons the pair, now on gardening leave and allegedly in an undisclosed relationship, helped Barrenjoey poach 14 staff: AFR

  • With legal fees hitting $700 an hour for payouts as low as $3.5k, it's no wonder Aussie workers are turning to AI to fight unfair dismissal claims. Fair Work president Adam Hatcher isn't mucking around though, rolling out new rules from October forcing applicants to declare AI use and check every citation actually exists: The Australian

PRACTICE POINTS

Affidavits go digital

⚖️ Disputes: Western Australia's new Oaths, Affidavits and Statutory Declarations Amendment (Electronic Affidavits) Bill 2026 allows affidavits to be made entirely online, without a physical signature or an authorised witness, through the courts' electronic case management system (ECMS). It's not a blanket change — electronic affidavits are only available where permitted by rules made under the Administration Act 1903 or by a court or tribunal's own rules. Makers affirm the contents themselves, with identity verified through an approved identity service. A knowingly false affirmation is deemed testimony for the purposes of perjury and false statement offences under the Criminal Code: WA Parliament

⚖️ Consumer: The Federal Court has found eHarmony breached the Australian Consumer Law in proceedings brought by the ACCC over its pricing and renewal practices. The dating platform misled consumers on multiple fronts - touting "free" dating that didn't actually allow ongoing messaging, hiding automatic renewals at prices up to five times higher in small print, advertising one-month memberships when the real minimum was six, and quoting monthly prices without disclosing a mandatory extra fee. eHarmony also failed to display the minimum total subscription cost as a single figure, a standalone breach. Penalties and consumer redress are still to be decided: ACCC

⚖️ Regulatory: The Australian Government is consulting on a new criminal offence for failing to prevent modern slavery, a big step up from the reporting-only regime under the current Modern Slavery Act. The consultation will shape the offence's scope and defences, and test whether a Deferred Prosecution Agreement (DPA) scheme should sit alongside it. A DPA lets a company avoid prosecution by admitting wrongdoing and agreeing to court-approved conditions like fines, compliance overhauls and cooperation, similar to regimes already used overseas. The government also wants views on how victims could pursue civil remedies. Submissions close 25 September 2026: Attorney-General’s Department

TOGETHER WITH LEGORA

Two weeks ago, more than 1400 of you dropped by for coffee. 

We're back for round two. Legora, the collaborative AI workspace for law firms and in-house legal teams, is taking over Toby's Estate at 25 Martin Pl, Sydney CBD, for two more mornings of coffee, matcha on us as always. 

Today from 8:30am to 11am & coming back tomorrow.

Claim your coffee (URL) - We’ll email you a QR code. 

Learn more about Legora here.

TALKING POINTS

Carbon comeback

Did you hear…

Investors are back on fossil fuels. NCIG's $200m coal terminal bond raise got nine times oversubscribed at $1.74bn last week, at a much lower interest rate than expected. Woodside has dropped its scope 3 emissions target and canned $7bn in "new energy" spend. BHP and Rio Tinto have cut decarbonisation budgets from $11.5bn to $2.5bn combined: AFR

Also…

ARIA is banning fully AI-generated songs from its charts, effective Friday. Tracks with AI vocals or instrumentals are out too, but "AI-assisted" songs can still chart. It follows backlash over Brisbane DJ Josh Fawaz's suspected AI cover of 'Like a Prayer', which hit #4 on the ARIA singles chart despite a rival producer calling it out: TDA

DEAL ROOM

Bond duo

🦘 Allens and Mallesons have landed roles on Alphabet's record-smashing $5.5bn Kangaroo bond debut, the biggest corporate raise outside banks and governments. Allens acted for the four-bank syndicate, Mallesons for Alphabet: Point Blank

🩻 RadPartners has finally landed Everlight Radiology, agreeing to a $1bn deal after missing out to Livingbridge back in 2021. Morgan Stanley and Allens advised Everlight: AFR

🐾 Coles has reignited speculation it's still chasing Greencross, telling investors it's "focused on accretive M&A in key adjacencies". Talks reportedly collapsed last month over a $4bn-plus price tag amid shareholder jitters: The Australian

SECTOR SNAPSHOT

$1bn banked

DIGGERS

🚜 Fortescue has stood down the executive accused of sexual harassment, more than a month after the claims emerged. It's a reversal from last week, when joint CEO Gus Pichot defended keeping him on the job. The Minters' investigation continues, alongside a separate class action over workplace safety for women: The Australian

FIN

🏦 Humm Group's profit dropped to $15.7m, down from $39.6m, as two binding takeover offers and Takeovers Panel proceedings piled on legal and corporate costs. Revenue also slid to $634.4m, hit by Middle East tensions, volatile fuel prices, higher rates and softer Aussie machinery sales: Capital Brief

RETAIL + REAL ESTATE

🏠 Coles felt a brief sales dip when rival Woolworths launched its Ooshie toy craze, but still posted $1.09bn net profit and is now ploughing $1.55bn into 45 new stores. Online sales jumped 26.4% to $5.6bn, while its liquor arm keeps sliding, down 47.8% to $59m: AFR, The Australian

TECH + STARTUPS

📱 Blackbird has closed its sixth fund at $1.05bn, the largest venture raise in ANZ history, roping in new backers like Morgan Stanley Investment Management and Schroders. The firm's now deployed over $3bn across 190 companies, but insists the bigger cheque book won't push it away from its early bet, pre-seed strategy: Capital Brief

P.S.

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