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Date Time Ai Group supports 70% minimum return to class members “The Australian Industry Group (Ai Group) has expressed strong support for a 70% minimum gross return to class members in a submission in response to a Treasury and Attorney-General’s Department Consultation Paper on Guaranteeing a minimum return of class action proceeds to class members,” Innes Willox, Chief Executive of the national employer association Ai Group, said today. “Class actions have a genuine role to play in ensuring that where a large number of parties have suffered common harm or damage they are properly compensated. However, the current poorly regulated system is allowing litigation funders to take a disproportionate share of the proceeds of class actions. A recent Australian Law Reform Commission report on class actions proceedings and third-party litigation funders reported that in cases involving litigation funders, the median return to plaintiffs was only 51 per cent of the amount awarded,

Innes willoxAi groupDepartment consultation paper on guaranteeingAustralian industry group aiAustralian law reform commissionAustralian industry groupDepartment consultation paperChief executiveஇநெஸ் வில்லோக்ஸ்ஐ குழுஆஸ்திரேலிய தொழில் குழு ஐஆஸ்திரேலிய சட்டம் சீர்திருத்தம் தரகுஆஸ்திரேலிய தொழில் குழுதலைமை நிர்வாகி