A Mills Oakley partner must repay his old firm Russells $308k, plus about $135k interest, after overdrawing his share of profits before jumping ship in 2019. He argued the firm’s May 2019 accounts couldn’t set his final entitlement. But the partnership deed made the accounts binding unless he flagged an error within three months, and he never did: Lawyerly

⚖️ Class Actions: Slater & Gordon has filed Australia’s first greenwashing class action in the Federal Court, accusing AGL of misleading hundreds of thousands of customers who paid about $1.50 a week extra since July 2020 for “carbon neutral” gas and electricity products. The claim alleges the carbon credits behind those products didn’t deliver the promised offsets, amounting to misleading and deceptive conduct and supplying products not fit for purpose under the ACL. It follows EnergyAustralia’s settlement admitting its “Go Neutral” product didn’t reverse fossil fuel harms: Lawyerly

⚖️ Corporate: Keeping your name off the ASIC register won’t save you. In Banerjee v Stojic, the Federal Court found Connie Stojic was a de facto director of Eastside Formwork, even though its sole registered director was a man she’d never met. Needham J looked at her conduct: she ran the company email, managed factoring arrangements, shopped the business for sale and instructed employees, solicitors and accountants. The Court also found a phoenix scheme, with Stojic liable for insolvent trading and breaches of ss 180, 181 and 182. She and her company Buildquip were ordered to pay $23.1m: McCullough Robertson, Federal Court of Australia

⚖️ Privacy/AI: AI notetakers are now quietly sitting in on Zoom, Teams and Webex calls, but most organisations haven’t caught up on the legal risks. Under state and territory surveillance devices legislation, participants generally need to be notified and to consent both to the recording and to any transcript being shared. The Privacy Act kicks in whenever a meeting captures personal or sensitive information, including voiceprints and faceprints. Recording legal discussions through third-party tools also risks waiving privilege if vendors can access the data for model training: HSF Kramer

Doing time doesn’t have to mean running out of it. Rachel Smith, partway through a 10-year sentence for drug trafficking, can now seek approval to freeze her eggs after the High Court ruled 5-0 that Queensland’s ban on inmates using “assisted reproductive technology” stops prisoners conceiving, not preserving their fertility: ABC News, High Court

The economy shed 39,300 jobs in September when a 20,000 gain was expected, pushing unemployment to 4.7%. Traders halved the odds of a November RBA hike to about 17%, with December now below 40%. The RBA has already lifted the cash rate a full point to 4.6% this year: Bloomberg

👀 Sydney chipmaker Morse Micro is edging closer to a potential ASX float, converting to a public company in a key pre-listing step. HSF Kramer signed off on the ASIC filing, while Canaccord Genuity and JP Morgan are running a $32m pre-IPO round: Capital Brief

🧊 The $2bn auction of Lineage’s APAC cold storage business is heating up, with binding bids due mid-November. I Squared Capital (Barrenjoey), KKR (JPMorgan) and Morrison (Deutsche Bank) have lined up banks to run diligence, red flag reports and funding: AFR

💾 Firmus is eyeing the Nasdaq after pulling its US$5.5bn ASX float. Firmus backer Tectonic, which holds over 5%, reckons a US listing could beat the $44bn valuation. It’s tipping a deal in 6 to 12 months: AFR

Victoria has green-lit the Warracknabeal Energy Park, set to be Australia’s largest wind farm at up to 1.5GW, enough to meet about 12% of the state’s future electricity needs. It’ll also pack two 300MW batteries. But it’s not quite over the line yet, with federal approval still required: Bloomberg

Wall Street’s big six banks made US$22bn from equity trading last quarter, cashing in on Iran war volatility. Morgan Stanley’s profit rose 7% to US$4.97bn, helped by record wealth management inflows from the IPO boom. Bank of America missed forecasts, with profit down 17% to US$6.9bn and shares falling over 8%: City AM, Capital Brief

Bathla’s $3.4bn collapse is uncovering a trail of shadow lending. The developer and its founding family borrowed millions in unsecured loans from real estate agents, employees and locals, some just weeks before it failed, one at 18% interest. Administrator Teneo is also investigating $700m in unreconciled transactions: AFR

Atlassian paid CEO Mike Cannon-Brookes around $4m to use his private jet, down from $10m the year before. The company says it pays below market rates, he doesn’t profit, and it’s justified given his US$50k nominal salary and no bonuses or equity. How noble: AFR