👋 G’day
Today’s brief:
Hanson recruits silks for a s 18C fight
No new Vic work for KPMG until Sept
Pabai Pabai decision heads to appeal
Here’s your latest, PB #{{join_number}} 👇
WORD ON THE STREET

Hanson’s HC plans

Pauline Hanson is gearing up for a High Court fight. Just yesterday, the Full Federal Court upheld the finding she racially vilified Senator Mehreen Faruqi over a 2022 tweet. Now, Hanson’s recruited big wigs Bret Walker, SC and Perry Herzfeld, SC to challenge whether section 18C of the Racial Discrimination Act oversteps the Constitution’s implied freedom of political communication: AFR
Mega-mergers are pushing partners out the door — at least in the UK and US. Kindleworth, a consultancy in the UK that helps partners launch independent firms, says its pipeline has never been busier, as bigger firms chase higher rates and sideline practice groups that don't fit the growth story. Exhibit A: disputes boutiques Pallas Partners and Three Points: NB
KPMG Australia has told the Victorian government it won't chase any new work until at least September 30, and will even walk off current contracts unless they're urgent or unique. The freeze follows fresh claims that ex-COO Eileen Hoggett allegedly kept private client data in a locker at the Sydney office: Bloomberg
Thomsons has poached Luke Standen as Partner from Gilbert + Tobin and Julie Cheeseman as Special Counsel from Bird & Bird. Standen brings front-end digital transformation and procurement expertise, while Cheeseman covers back-end media disputes, data breaches and regulatory work: Point Blank
PRACTICE POINTS

Expert evidence rejected
⚖️ Evidence: The Queensland Supreme Court's decision in Santos v Fluor, one of the largest construction cases litigated in Australia, sets out clear expectations for quantum evidence. The Court confirmed that an expert's opinion is of little use unless the underlying facts and reasoning are exposed for scrutiny, rejecting evidence based on general industry experience rather than structured analysis. One side relied on quantity surveying methodology, tracing indirect costs to site activity and contemporaneous records. The other relied on critique and professional judgment. The Court preferred the former, finding that challenging assumptions is not the same as proving them wrong: Accura Consulting
⚖️ AI/Governance: The US is mulling a proposed "kill switch" law that would require AI developers to maintain the ability to slow, suspend or shut down high-risk AI systems, floated after a rogue AI agent engaged in unauthorised cyber activity. The Governance Institute of Australia says that misses the real point: organisations should focus on stopping agents going rogue in the first place, not just reacting once they do. That means applying the principle of least privilege, limiting what agents can access and do, and having the board approve clear delegation authority for each agent, including what decisions it can make and when a human must step in. Accountability should sit with the deploying organisation, not just the developer: Governance Institute of Australia
⚖️ Employment: The Federal Government has announced a new specialist Fair Work Court to handle underpayment claims and industrial disputes — the first federal industrial court since the Industrial Relations Court was abolished in 1997. Details are thin: jurisdiction, structure and whether it'll run alongside existing courts are all subject to consultation later this year. The move follows Justice Adam Hatcher's warning that the Fair Work Commission's caseload has jumped over 70% in three years, largely driven by AI making it easier to file claims. Employers are already nervous about an employee-friendly bench: Clayton Utz
TOGETHER WITH MALLESONS

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Applications are still open in Brisbane and Melbourne.
Take your first step with Mallesons.
TALKING POINTS

Climate appeal

Did you hear…
Uncle Pabai Pabai and Uncle Paul Pabai, traditional owners from the Torres Strait, are back in court appealing their failed climate case against the Commonwealth. Justice Wigney found the government owes them no duty of care, despite accepting its emissions targets weren't backed by the science. Now the Full Federal Court hears the appeal, with a likely trip to the High Court next whichever way it goes: Capital Brief
Also…
Take five on US-Iran negotiations. Now, Trump is saying there's a "good chance" of an Iran deal after the US skipped a third straight day of strikes and Tehran paused hitting Gulf states like Kuwait. Back home, petrol prices just had their biggest weekly jump since March, with drivers now paying A$1.82 a litre and diesel nudging A$2.20: Bloomberg
DEAL ROOM

Third time lucky
🏦 Perpetual has received a third bump from EQT's Windflower vehicle, with the offer now sitting at $22.50 a share, up 2% on the last go and 4% on the original. That's well above Perpetual's last close of $18.92: Capital Brief
💵 HSBC is finalising the sale of its $30bn+ Australian loan book to Blackstone's private credit arm, marking the giant's first crack at Aussie home lending. Mallesons advises Blackstone, Citi while Allens reps HSBC: AFR
SECTOR SNAPSHOT

Office revival


DIGGERS
🚜 Albanese is chasing fuel security by launching plans for WA's first new oil refinery since the 1960s, backed by Perdaman and a $4m federal-state feasibility study. It comes as Treasury warns the oil market's "more vulnerable" to Strait of Hormuz shocks, with crude already up 28% since the US-Iran ceasefire collapsed: The Australian

FIN
🏦 ANZ is the only Australian bank among 17 major global players ready to issue "tokenised deposits" on Swift's network, letting big companies shift cash across borders instantly, even on weekends. Meanwhile, ING Australia has fired the latest shot in the deposit wars, launching a 6% Savings Booster on balances up to $500k, its first savings shake-up in 18 years: AFR, The Australian

RETAIL + REAL ESTATE
🏠 Dexus has offloaded three Sydney and Brisbane office towers to Investa and US giant BGO in a $715m deal, pushing it past its $2bn divestment target early. It's the latest sign investors are piling back into a recovering office market, with national deals up 15% year-on-year to $4.1bn: AFR

TECH + STARTUPS
📱 Anthropic is the lone frontier lab yet to sign an industry letter urging Washington to protect open-weight AI (models developers can freely download and modify), now backed by OpenAI, Google, Microsoft and Meta. Critics reckon it's protecting its own turf, especially after accusing China's Moonshot of distilling its Fable model to build rival Kimi K3: Business Insider
P.S.



