This class action alleges that BT short-changed the members of its BT Super for Life cash option between 2007 and 2019, resulting in members losing potentially thousands of dollars from their retirement savings.
It also alleges that BT breached its duties as trustee of the cash option by investing members’ money in a life policy issued by Westpac Life, a related party, allowing Westpac Life to keep up to half the returns on members’ money for itself.
Am I eligible to participate?
If you are or were a BT Super for Life member and invested in the cash-only option at any time from 29 October 2007 to 31 October 2019, you will likely meet the eligibility criteria for this class action.
There is nothing you need to do at this stage to participate in the class action. The matter is being run as an “open class”, which means that if you meet the eligibility criteria then you will be included by default and given the opportunity to opt out at a later date if you do not wish to participate.
Our claim against BT includes thousands of members. If you believe you could be affected, then register your interest below to receive updates about the matter as it progresses.
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Other class actions
Slater and Gordon has now launched five class actions as part of our Get Your Super Back campaign. We have class actions against AMP, BT and ANZ OnePath, and two against Colonial First State. We plan to launch more class actions against big bank-owned super funds that we allege have rorted the system to boost their own profits instead of looking after their members.
If you think you’ve been ripped off, make sure you check out our Get Your Super Back home page for more updates.
Frequently Asked Questions
A class action is a type of legal proceeding in which one person, the Applicant, brings a claim on behalf of a wider group of people who have been affected by the same conduct. By grouping claims together and pursuing them collectively, the overall value of the claim makes it economically worthwhile to do so, even if the value of individual claims are modest.
If you wish to register your interest in the class action, you may do so via the ‘Registration’ form above. If you have registered your interest in the class action, you will receive group member updates from Slater and Gordon when there are developments in the class action. Additionally, all potential group members will receive any Court ordered notices when required by the Federal Court of Australia.
At this stage, you do not need to do anything, but you may register your interest using the ‘Registration’ form above. You have not joined a class action, you have only registered your interest. We will get in contact with you if we need additional information from you.
No. You will not be exposed to any out-of-pocket costs as a result of your participation or registration in the claim.
Generally, most class actions tend to take between one and three years to resolve, although each class action is different, and the time required for a claim depends on a variety of tactics adopted by the respondents in defending the claim.