Norman Bruhn's Razor Gang pushes the underworld to crisis point, threatening the crime empires of Kate, Tilly and Phil Jeffs. Amid public outrage, the police fight a losing battle to stop rival Razor Gangs terrorising the streets. The rival underworld bosses convene a summit to deal with Bruhn's gang, but are betrayed when Tilly takes matters into her own hands. After being rejected by Nellie and taunted by his rivals, Frank 'The Little Gunman' Green finally gets his chance to shine.

Furious over Tilly's decision to kill Norman Bruhn, Kate sparks an all-out war by recruiting Tilly's prostitutes to sell cocaine. Snowy Cutmore returns to Melbourne for a fateful showdown with crime boss Squizzy Taylor. Fresh from his first kill, Frank 'The Little Gunman' Green wins the ultimate prize — Nellie Cameron. But can he keep her?