Nothing could be more premeditated than this
Actually yes it could. Premeditated means that the murder was planned. This sounds more like the older guy had anger control issues and flipped.
I was offered a choice between rolling the dice with a magistrate, where I'd almost certainly be found guilty of one minor charge and get a conviction on my record (which would prevent me from ever getting a USA work visa, etc...), and at worst go to prison for decades.
Is a magistrate in Australia the same as the UK. Do you have a operation between magistrates court and crown court (with a judge)?
In the UK the maximum sentence a magistrate could give you is 18 months.
touching someone without causing injury
Sounds like common assault. We'd just get a lecture from the police and told not to do it again.