The BT superannuation class action is the third class action in our Get Your Super Back campaign. This class action alleges that BT Super shortchanged the members of its BT Super For Life cash-only option, resulting in members losing potentially thousands of dollars from their retirement savings.
This case is one of our five class actions to help get victims of 'super rip-offs' their money back. Our class action against BT and Westpac Life alleges that BT breached the trust of its members by investing the money through a related party, allowing Westpac Life to keep up to half the returns on members’ money for itself.
For more information on our other superannuation class actions, please visit our Get Your Super Back website
What you need to know about the BT Super class action
This case is the third in our wave of class actions, and is for BT Super members who held a BT Super For Life account and invested in the cash-only option between 29 October 2007 and 31 October 2019.
There is nothing you need to do at this stage to participate in the class action. If you are or were a BT Super For Life member and invested in the cash-only option then you will automatically be included as a group member. To receive updates about the matter as it progresses, we invite you to register your interest below.
Opt out notice
If you are eligible to participate in this class action, you will shortly receive a Federal Court Opt Out Notice by mail or email.
The notice can be accessed here.
I wish to participate in the class action
If you received the Opt Out Notice, you may be a member of this class action and there is nothing you need to do if you wish to remain a member of the class action.
If you wish to receive email updates about the class action, and have not yet registered your interest, please complete the form below.
Registering for updates from Slater and Gordon will not affect your eligibility in the class action.
Will I have to pay legal fees if I participate?
No, you will not be required to pay us legal fees out of pocket to participate in this class action.
The BT superannuation class action is funded by a litigation funder. The litigation funder pays our legal fees along the way, so that class members do not have to. In exchange for paying these fees, the litigation funder will receive a commission and be reimbursed the fees it paid from the settlement or judgment amount only if the matter is successful. The amount of this commission will be determined by the Court. Our legal fees must also be approved by the Court.
In no circumstance will you be out of pocket for legal costs.
I don’t want to participate in the class action
If you do not wish to participate in the class action, the opt out process for the BT superannuation class action is now open.
If you choose to opt out, you will need to complete the opt out form which will be sent to you shortly and return it to the Federal Court by 1 December 2021.
If you opt out of the proceeding, you will not be entitled to any benefit or compensation in the event that the class action is successful. However, you may still have the right to bring your own proceeding against BT and Westpac Life if you wish to do so.
We strongly encourage you to seek independent legal advice before making a decision to opt out of the class action.
Register your interest.
Did you hold a BT Super For Life account and invested in the cash-only option between 29 October 2007 and 31 October 2019? You can receive automatic email updates as the claim progresses by completing the form below.
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.