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	<title>Financial Standard Comments - Court approves $16m DASS settlement</title>
	<description><![CDATA[
The Federal Court has approved the settlement reached in the $16 million class action brought against Dixon Advisory & Superannuation Services (DASS) following a two-week delay.
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	<link>https://www.financialstandard.com.au/feed/latest?story=179803908</link>
	<lastBuildDate>Mon, 22 Apr 2024 09:30:21 +1000</lastBuildDate>
	<pubDate>Mon, 22 Apr 2024 09:30:21 +1000</pubDate>
	<language>en-AU</language>
	<copyright>Copyright 2026 Financial Standard</copyright>
	<ttl>5</ttl>
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		<title>Comment by Michael Butler (MBCC)</title>
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<p><p>Allowing beneficiary members of the Class Action to have a second bite at the compensation trough is wrong. To get to the CSLR the matter has to be an unpaid determination from AFCA.<p>The EDR schemes were set-up to provide a non-court based avenue for compensation and have been hi-jacked by the ambulance chasers. AFCA&#39;s own Terms of Reference effectively ban those who have negaged in legal action from accessing the scheme, but in their usual &quot;the Rules don&#39;t apply to us if we feel like it&quot; approach clients of DASS will have a second go at compensation funded by industry particpants that had nothing to do with the fund failures and through a scheme that is using retrospective legislation to include them.<p>Just another anti-adviser attitude.</p></p><p><a href="">Reply to article</a></p><p>For original story, <a href="">Click Here.</a></p>
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		<dc:creator>Michael Butler (MBCC)</dc:creator>
		<pubDate>Mon, 22 Apr 2024 09:30:21 +1000</pubDate>
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