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BT Super Insurance Class Action Investigation

Is your superannuation with BT? You may have been unreasonably overcharged for your insurance products.

Shine Lawyers is investigating a class action on behalf of hundreds of thousands of BT Super members who may have been wrongfully overcharged. We believe they should be fairly compensated.


What is the BT Super Insurance Class Action Investigation about?

Shine Lawyers is investigating a class action against BT Funds Management (BT) on behalf of BT superannuation fund members who were wrongfully overcharged for their insurance.

It is alleged that since 2014, BT did not act in the best interests of its members when obtaining group insurance policies.

It appears, despite there being evidence of equivalent or substantially better policies available through other insurers for cheaper premiums, BT chose to obtain these policies from one related party - Westpac Life Insurance Limited - meaning members of its superannuation funds paid unreasonably higher premiums.

We understand that hundreds of thousands of BT superannuation members have had their superannuation eroded as a result of BT’s misconduct.

Can I join the BT Super Insurance Class Action Investigation?

You may be entitled to compensation as a member of the BT Super Insurance Class Action if:

You have been a member of at least one of the following superannuation funds between 2014 and 2020:
  • BT Super For Life
  • BT Super For Life Westpac Group Plan
  • BT Superannuation Investment Fund
  • BT SuperWrap
  • BT SuperWrap Essentials
  • BT Panorama Super
You have been a member of at least one of the following superannuation funds between 1 January 2018 and 2020:
  • BT Retirement Selection - Personal Super Plan
  • BT Lifetime Super - Employer Plan
  • You have held Death Insurance, Death & TPD Insurance and / or Income Protection Insurance (also known as Salary Continuance) products through one of the above superannuation funds in the time frames specified.

If you answered yes to the above, you may be entitled to compensation, and you are encouraged to register your interest in the BT Super Insurance Class Action Investigation.

How to register for the BT Super Insurance Class Action Investigation

To register your interest in the BT Super Insurance Class Action Investigation on a no-cost, no-obligation basis, please click the button below.

Register for the investigation

If you have any questions or require any assistance in registering for the class action, please contact our BT Super Insurance Class Action Investigation team on 1800 870 492 .

Who is Shine Lawyers’ Class Action team?

Shine Lawyers’ Class Action team includes some of the firm’s most experienced solicitors and support staff. The team includes:

Common Questions

It will cost you nothing.

Shine Lawyers expects to engage a litigation funder to pay the legal costs and disbursements of running the class action, who will in turn charge a commission from the proceeds of any settlement or judgment and will also meet an adverse costs order if required.

At this stage of the class action, it is not possible to estimate a specific figure that each group member can expect to receive.

The exact methodology used to assess any loss has not yet been determined, however it is anticipated that losses including the difference between a similar group insurance offering from an unrelated insurer and the premium ultimately paid for insurance will be pursued.

Class actions take place in the Federal Court and State Supreme Courts of Australia.

There are three criteria that need to be fulfilled for a class action to take place:

  • There must be 7 or more people claiming;
  • The claims must arise out of the same, similar, or related circumstances; and
  • The claim must relate to at least one common issue of law or fact.

Class actions in Australia work on an opt-out model. This means that all potential claimants become group members of the action whether they intend to participate or not. These group members are bound by the judgment of the court or settlement unless they opt-out. The group members in a class action are usually notified about the class action by order of the Court.

Due to the size of each individual claim, the costs of running this action as an individual would quickly exceed the potential damages recoverable. As each group member’s claim involves many common questions of fact and law, running this action as a class reduces the average cost of litigation to a client by only addressing the common issues once at trial, instead of multiple times.

Due to the nature of class actions, the first stage of the proceedings can take between twelve months to three years or more from its commencement.

Unless a settlement is reached, the first stage will only resolve the representative’s claims and the common issues of the proceedings, with group member claims to be resolved individually at a second stage of the proceedings.

Shine Lawyers will only use and/or disclose your personal information strictly for the purpose of the investigation and subsequent legal proceedings, or as required by the Court or by law. In all other cases, we will seek your consent before disclosing any of your personal information.

Shine Lawyers Pty Ltd was founded 42 years ago in Queensland and listed on the Australian Stock Exchange in 2013. As one of Australia’s largest litigation law firms, Shine is comprised of a hardworking, straight talking team of people who have the clout to take on Australia’s biggest cases.

This class action is being led by Vicky Antzoulatos, Practice Leader - NSW Class Actions. Vicky has over 20 years’ experience running large and complex multiparty legal disputes including class actions, in Australia. Want to learn more about the class action? Contact Shine Lawyers at [email protected].