The sections below quote Slater and Gordon. They reflect allegations or the firm’s position and have not been determined by a court unless a settlement or judgment is noted. Where sources cover the same point, the most recently updated page is shown first and the others are folded underneath.
Settlement Update
On 25 August 2026, the Court approved a Notice of Proposed Settlement to be sent to group members.
Source: Supreme Court of Victoria
Also from Slater and Gordon
In August 2026, the parties agreed to settle the Beach Energy Shareholder Class Action for $43.5 million (AUD) in-principle, inclusive of interest, costs and subject to court approval. In reaching this settlement, Beach Energy Limited makes no admission of liability. The Supreme Court of Victoria will decide whether to approve the settlement at a hearing scheduled at 10:30 am on 18 November 2026. Group members who have previously registered their claim were sent a Notice of Proposed Settlement from 4 September 2026 . A copy can also be found in the Key Documents section below. It is important that Group Members read the Notice carefully as it sets out key terms of the proposed settlement, the parties’ intention to seek the Court’s approval of that settlement, and your rights in relation to that process. Registered group members were sent an email from Slater and Gordon at the end of September 2026 requesting that they: confirm their contact details and verify their trading data; provide further information as part of mandatory sanctions checks; and provide their nominated bank account details. In order for Slater and Gordon to assess eligibility for monetary compensation, registered group members must complete the applicable fields in their online portal by 4 November 2026 . Without the requested information, registered group members may be determined as ineligible to receive any monetary compensation. If you have further questions, you may contact Slater and Gordon at BPT@slatergordon.com.au or 1800 071 827.
Source: Slater and Gordon
About This Case
Group proceeding brought on behalf of certain persons who purchased shares in the defendant Beach Energy). The lead plaintiffs are [name withheld] and [name withheld].
The case is brought on behalf of those persons who acquired an interest in fully paid ordinary shares, or American Depository Receipts ( ADR), in Beach Energy between 17 August 2020 and 29 April 2021 (inclusive) and in each case suffered loss or damage when Beach Energy downgraded its estimates of oil and gas assets in its Western Flank oil field on 30 April 2021, resulting in a fall in Beach Energy’s share price.
This group proceeding was previously managed together with a class action proceeding commenced by Mark Richard Sanders (S ECI 2022 00256). The Honourable Justice Nichols held a hearing to determine which of the [name withheld] Proceeding or Sanders Proceeding would continue, and also heard group costs order applications by the plaintiffs in both proceedings on 19 May 2022. On 11 August, her Honour made orders permanently staying the Sanders Proceeding (with the [name withheld] Proceeding to continue) and made a group costs order in the [name withheld] Proceeding.
Shareholders in Beach Energy were covered by both proceedings, and their claims will now be advanced only in the [name withheld] proceeding. There is no need for group members to take any action.
The deadline to object to the proposed settlement has now passed.
IMPORTANT INFORMATION ABOUT THE PROPOSED SETTLEMENT
The deadline to object to the proposed settlement has now passed.
On 25 August 2026, the Court approved a Notice of Proposed Settlement to be sent to group members. Group members should read the Notice carefully as the matters set out in the notice may affect their legal rights.
Orders of Justice Waller made on 25 August 2026
If you are a registered group member and you wish to participate in the proposed settlement, you do not need to take any immediate steps in response to this notice.
If you are an unregistered group member and wish to seek permission from the Court to participate in the proposed settlement, you should read paragraphs 26-29 of the Notice above for further information.
Any group member who wishes to object to the proposed settlement must, by no later than 4:00pm (AEDT) on 16 October 2026, either:
complete the online objection notice; or complete the Notice of Objection found at Schedule 1 of the Notice above, and send it to the Court by email or post to the addresses on the form.
Any Group Member who wishes to oppose the proposed settlement may attend or send a legal representative to attend, the Supreme Court of Victoria at 10:30am (AEDT) on 18 November 2026, when the Settlement Approval Application is to be heard.
IMPORTANT INFORMATION ABOUT REGISTRATION AND OPTING OUT
Please note that the deadline to register or opt out has now passed.
If you are, or you think that you may be a group member, you should read the documents below carefully. The Notice (a copy of which is below) contains important information about your rights to:
(1) register your claim in the proceeding (2) opt out of the proceeding; or (3) do nothing.
In summary, if you fall within the definition of a group member, you have three options:
OPTION 1 - REGISTER
In order to be eligible to receive any compensation if there is a settlement reached at the Court Ordered Mediation which must commence by 15 May 2026, you must register for the class action by 4:00pm AEDT on 7 November 2025. To participate in any such settlement, you must register your interest before the deadline.
To register, you must either: complete the online registration process available at:
https://www.slatergordon.com.au/class-actions/current-class-actions/beach-energy-limited-class-action or complete and submit a Group Member Registration Form found at Schedule 1 of the Notice.
OPTION 2 – OPT OUT
If you do not want your rights determined by the class action, for example if you wish to bring your own proceeding against Beach Energy Limited independently, you must opt out of the class action by 4:00pm (AEDT) on 7 November 2025. If you opt out, your claim will not be resolved as part of the Beach Energy Class Action but you may pursue such rights as you may have independently.
To opt out, you must either: submit the required information in the
Online Opt Out Notice; or complete the Opt Out Form found at Schedule 2 of the Notice and return a completed copy directly to the Registry of the Supreme Court of Victoria via email or post to the addresses on the notice.
OPTION 3 - DO NOTHING
You may do nothing and remain a group member in the class action but, subject to further order of the Court, you will not be permitted to participate in any settlement reached at the Court Ordered Mediation. For further information about this option please refer to Option 3 of the Notice below.
The definition of a "group member" is set out in the Notice.
Source: Supreme Court of Victoria
Also from Slater and Gordon
Slater and Gordon, as instructed by lead plaintiffs [name withheld] and [name withheld], issued a group proceeding (class action) in the Supreme Court of Victoria against Beach Energy Limited (ASX:BPT) ( Beach).
Beach is an Australian Stock Exchange (
ASX) listed, oil and gas exploration and production company headquartered in Adelaide, South Australia.
The class action alleges that Beach made misleading representations and contravened its continuous disclosure obligations as an ASX-listed company between 17 August 2020 to 29 April 2021, breaching relevant provisions of the Corporations Act 2001 (Cth) and the ASIC Act 2001 (Cth).
Source: Slater and Gordon
Who May Be Eligible
The class action is brought on behalf of investors who between 17 August 2020 to 29 April 2021 (inclusive) who: acquired an interest in, or entered into a contract to acquire an interest in ordinary shares in Beach, including: fully paid up ordinary shares in Beach traded on the Australian Stock Exchange (ASX: BPT); or American Depository Receipts that represent ordinary shares in Beach; or acquired a long exposure to Beach shares by entering into equity swap confirmations in respect of Beach shares.
Source: Slater and Gordon
How to Register
In order to be eligible to receive any compensation if there is a settlement reached at the Court Ordered Mediation which must commence by 15 May 2026, you must register for the class action by 4:00pm AEDT on 7 November 2025 . To participate in any such settlement, you must register your interest before the deadline. To register, you must either : complete the online registration process available at: https://www.slatergordon.com.au/class-actions/current-class-actions/beach-energy-limited-class-action or complete and submit a Group Member Registration Form found at Schedule 1 of the Notice.
Source: Supreme Court of Victoria
Also from Slater and Gordon
If you did not register your claim with Slater and Gordon on or before 4pm (AEDT) on 7 November 2025 and wish to participate in the proposed settlement, you must seek permission from the Court before 4 pm (AEDT) on 16 October 2026. To do so you must send an email to BPT@slatergordon.com.au which: (i) identifies why you think the Court should grant you permission to participate in the proposed settlement; (ii) provides details of the Beach shares you held as at 17 August 2020, purchased during 17 August 2020 to 29 April 2021, and sold during 17 August 2020 to 29 April 2021; (iii) attaches evidence in support (in the form of a statutory declaration or affidavit); and (iv) attaches any written submissions of no more than two (2) pages.
Source: Slater and Gordon
Frequently Asked Questions
Am I a Registered Group Member?
If you registered your claim with Slater and Gordon on or before 4pm (AEDT) on 7 November 2025 , you are a Registered Group Member. If you are a Registered Group Member, you will have received a Notice of Proposed Settlement from 4 September 2026 which sets out information about the proposed settlement and its proposed distribution. Registered group members were also sent an email from Slater and Gordon at the end of September 2026 requesting that they: confirm their contact details and verify their trading data; provide further information as part of mandatory sanctions checks; and provide their nominated bank account details. Providing these details will enable the Administrator of the Proposed Settlement to assess whether you are eligible to receive a distribution under the Settlement Distribution Scheme, in the event the settlement is approved by the Court. If you do not verify your Share Trading Data and provide information as part of the mandatory sanction checks by 4 November 2026 , you may be determined as ineligible to receive any monetary compensation. A copy of the proposed Settlement Distribution can be found in the Key Documents section below.
How do I confirm I am registered?
Group members were required to register their claim with Slater and Gordon by or before 4:00pm (AEDT) on 7 November 2025 . If you wish to clarify your registration status, you may contact Slater and Gordon at BPT@slatergordon.com.au or on 1800 071 827.
What should I do if I missed registration?
If you did not register your claim with Slater and Gordon on or before 4pm (AEDT) on 7 November 2025 and wish to participate in the proposed settlement, you must seek permission from the Court before 4 pm (AEDT) on 16 October 2026. To do so you must send an email to BPT@slatergordon.com.au which: (i) identifies why you think the Court should grant you permission to participate in the proposed settlement; (ii) provides details of the Beach shares you held as at 17 August 2020, purchased during 17 August 2020 to 29 April 2021, and sold during 17 August 2020 to 29 April 2021; (iii) attaches evidence in support (in the form of a statutory declaration or affidavit); and (iv) attaches any written submissions of no more than two (2) pages. You may attend, or send a legal representative to attend, the Settlement Approval Hearing at the Supreme Court of Victoria at 10:30am on 18 November 2026. It will be a matter for the Court to decide whether any group members who missed the registration deadline should be able to participate in the proposed settlement.
What if I have already opted out of the Beach Energy Class Action?
Source: Slater and Gordon
Disclaimer: This information is sourced from Supreme Court of Victoria and Slater and Gordon. It is provided for general information only and does not constitute legal advice. Always verify details with the original sources 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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