Court approves $16m DASS settlementBY KARREN VERGARA | FRIDAY, 19 APR 2024 12:35PMThe 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. Related News |
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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.
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's own Terms of Reference effectively ban those who have negaged in legal action from accessing the scheme, but in their usual "the Rules don't apply to us if we feel like it" 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.
Just another anti-adviser attitude.