Suncorp Super Class Action
What is the Suncorp Super Class Action about?
The class action was commenced in the Supreme Court of New South Wales (NSW) by the Plaintiff on behalf of all “Group Members” against Suncorp Portfolio Services Limited (SPSL), as trustee of the SPSL Master Trust (formerly known as the Suncorp Master Trust), Geoffrey Edward Summerhayes, and Sean Carroll.
The subject of this class action concerns certain fees charged by SPSL to superannuation accounts and certain payments made by SPSL to Financial Services Providers (including financial advisers) relating to the period 1 July 2013 to 21 June 2019.
Settlement of the class action
On 27 October 2022, the New South Wales Supreme Court approved the settlement of the class action.
In accordance with the Court approved settlement terms, many of the steps that need to occur before payment can be made to Registered Group Members cannot start until after 15 December 2022. As a result, it is likely that the settlement distribution process will not begin until early 2023.
Updating registration details
If you have already registered a claim in accordance with the Court's orders and wish to update any details, please sign in and select "My Claims". If you have not already registered a claim, there is no longer any further registration allowed. For any other enquiries, please email: SSFClassAction@enterclaim.com.