Good morning,

Business leaders have become increasingly distrustful of the federal government and are being “worn down” by a tsunami of new regulation, an Australian Institute of Company Directors survey has found.

Meanwhile, in the latest instalment of the long-running Mayfair 101 saga, founder James Mawhinney has been charged with four counts of dishonest conduct relating to a series of transactions over a former Venetian monastery island. 

And Woodside has hit back at CGI Glass Lewis, saying its opposition to the oil and gas giant's climate strategy and re-election of chairman Richard Goyder is groundless and accusing the proxy adviser of relying on statements from green activist groups. 

And for those in the legal field, The Australian is launching a new, free newsletter Ipso Facto with scoops, analysis and comment each week. Sign up here.

Five things to know this morning

1. ASX to open higher as Wall Street treads water ahead of inflation report. Oil prices fell, iron ore lifted and gold continues to climb. Climate protection a human right, European court rules.
2. A majority of Australians oppose a fast transition to renewables amid concern over higher power bills, while one in four would reject living near transmission lines, new CSIRO research shows, underscoring challenges facing Anthony Albanese to hit green goals.
3. Qantas frequent flyers have rushed to redeem more than a billion points for international flights on the first day of the airline's new Classic Plus option, but one analyst predicts only a fraction of the 20 million seats on offer will be taken up. 
4. Sydney deal-maker Jon Adgemis is working on a new plan to rescue his ailing pub empire after a $500m refinancing with private lenders Bain Capital fell over.
5. Meta has denied it allowed Netflix access to Facebook users’ direct messages – an accusation made in unsealed court documents – as “shockingly untrue” as it faces fresh allegations of mishandling user data.