Federal court strikes down key part of Coalition’s crackdown on class action funding
Labor says decision called into question the legal basis for former government’s ‘absurd attempt to regulate funded class actions out of existence’
The federal court has removed a barrier to class actions imposed by the former Coalition government, a decision the new attorney general, Mark Dreyfus, has welcomed as a “victory for ordinary Australians” seeking to pursue justice against big corporations or governments.
In 2020, the former government imposed a costly regulatory burden on litigation funders – entities that bankroll notoriously expensive class actions – to define them as managed investment schemes.
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Law (Australia) | The Guardian
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