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New class action regulations slammed

Class Actions Australia has slammed new regulations announced by Treasurer Josh Frydenberg defining class actions as "managed investment schemes" labelling them "bizarre", as the Senate holds its second public hearing into litigation funding and the regulation of the industry.

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Read more: Class Actions AustraliaTreasurerJosh FrydenbergSenateProfessor Vince MorabitoBen HardwickAustralian Law Reform CommissionProfessor Sulette Lombard