The statements below are Slater and Gordon’s account of this case. They reflect allegations or the firm’s position and have not been determined by a court unless a settlement or judgment is noted.
Settlement Update
On 27 July 2026 , the Federal Court of Australia made orders approving the settlement of this proceeding. We have been appointed by the Court as the settlement administrator. Our role is to monitor the implementation and distribution of the settlement.
Source: Slater and Gordon
About This Case
The AMP Super Class Action alleged that AMP paid too much to related entities for administration services, resulting in excessive fees on members’ superannuation accounts.
The class action also included claims where member’s funds were held in specific cash-only investment options and members received interest rates lower than what a reasonable and diligent trustee could have obtained on the open market.
Source: Slater and Gordon
Who May Be Eligible
In accordance with the SDS, the settlement administrators will make payments based on a list of members of eligible superannuation products provided by AMP. If your name is included on that list, you will not need to take any active steps in order to receive payment
Source: Slater and Gordon
Frequently Asked Questions
What is a class action?
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.
Will I have to pay anything? What will the class action cost me?
No. You will not be exposed to any out-of-pocket costs as a result of your participation or registration in the claim.
Is there a deadline to opt out for this class action?
The deadline to opt out for this class action was 23 May 2025.
Source: Slater and Gordon
Disclaimer: This information is sourced from Slater and Gordon. It is provided for general information only and does not constitute legal advice. Always verify details with the original source before taking any action.
Legal disclaimer: Information on this page is general in nature and does not constitute legal advice. ClaimBar tracks class action settlements and provides updates. Always seek professional legal advice for your specific circumstances.
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