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About This Case
This class action alleges that between December 2008 and June 2019, Rest Superannuation (Rest) signed up new members to income protection insurance by default, that is, without the member actively choosing to sign up to the policy.
It is further alleged that: when members did not make any contribution to their Rest account for 13 continuous months or more (for e.g. due to time off work), the default insurance policy did not provide the member with any coverage; and
when members held multiple income protection insurance policies at the same time, the Rest income protection policy provided little to no coverage.
Given the insurance held little or no value to these members, the class action seeks compensation for the cost of relevant insurance premiums that were unfairly deducted, as well as lost investment returns and administration costs.
Source: Shine Lawyers
Who May Be Eligible
To be a part of this class action, you must have: Been a Rest Super fund member for any time between 5 December 2008 and 30 June 2019; and Been signed up by default to a Rest Super account which included an income protection insurance policy; and Had income protection insurance premiums deducted from your Rest Super account; and Either: Made no contribution to your Rest Superannuation account for 13 continuous months or more but continued to receive deductions from your account to cover income protection insurance premiums to Rest during that period; and/or Paid for multiple default income protection policies alongside your Rest income protection insurance policy. If you meet the above criteria, you may be entitled to compensation, and you are encouraged to register for the Rest Superannuation Class Action.
Source: Shine Lawyers
How to Register
To register on a confidential, no-cost, no-obligation basis, please click the button below and fill out the form.
Register NowSource: Shine Lawyers
Frequently Asked Questions
What is income protection insurance?
Income protection insurance pays out an income stream for a specified period if you cannot work due to temporary disability or illness.
What is a class action?
When Governments, large companies or institutions do the wrong thing and people are harmed or suffer loss as a result, an individual can have little to no means of bringing a legal claim. Class actions are an important mechanism within Australia’s legal system that allow large groups of people to come together to pursue a claim collectively. For a class action to take place, there are three criteria that need to be met: there must be 7 or more people that have claims against the same defendant; and the claims relate to the same or similar circumstances; and the claim must relate to at least one common issue of law or fact. For more information about how class actions resolve, click here.
Will my contact details be kept private?
Yes, your contact details will remain confidential. Shine Lawyers will only use your personal information strictly for the purpose of any legal proceedings and in accordance with our Privacy Policy.
Does it cost anything to join a class action?
Shine Lawyers is committed to ensuring that everyone, regardless of their background or financial situation, has access to justice. We run our class actions in a way that means you are not exposed to any out-of-pocket costs or financial risk. When a class action is successful, the legal fees and costs to run the class action are deducted from the settlement amount that is approved by the Court. If the class action is unsuccessful, we will ensure there are no out-of-pocket costs to you.
How long do class actions take to resolve?
It can take up to several years for a class action to resolve. The time taken from case commencement through to resolution and settlement administration depends on the particular case, and the nature of the claim. For more information about class actions and how they work, click here.
Source: Shine Lawyers
Disclaimer: This information is sourced from comcourts.gov.au and Shine Lawyers. 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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