What is the Dixon Advisory Class Action about?
The Dixon Advisory Class Action team have filed a class action on behalf of clients of Dixon Advisory in relation to advice given to invest in URF over the course of the last 8 years.
This advice was recently the subject of an investigation undertaken by the Australian Financial Review which can be found here.
Based on information contained in this report the Dixon Advisory Class Action team alleges:
The advice given to Dixon Advisory clients was not suitable for the clients' particular needs and taking into account their entire financial circumstances;
Recommendations made to Dixon Advisory clients to invest in products and investments conceived, developed and promoted by companies in the Evans Dixon Group were not in the clients’ best interest; and
Conflicts of interest were not adequately addressed in relation to recommendations to invest in Evans Dixon Group products and investments.
Can I join the Dixon Advisory Class Action?
To be a part of this class action you must have:
Been a retail client of Dixon Advisory at some point from 15 April 2011 to 23 December 2021; AND
Held or acquired interests in the property investment fund known as the US Masters Residential Property Fund (URF) while you were a client of Dixon Advisory; AND
Held the relevant URF interests on, or acquired the said interests after, 22 December 2015.
If you answered yes to the above, you may be entitled to compensation, and are encouraged to register for the Dixon Advisory Class Action.
Frequently Asked Questions
What is a class action?
When Governments, large companies or institutions do the wrong thing and people are harmed or suffer loss as a result, an individual can have little to no means of bringing a legal claim.
Class actions are an important mechanism within Australia’s legal system that allow large groups of people to come together to pursue a claim collectively.
For a class action to take place, there are three criteria that need to be met:
There must be 7 or more people that have claims against the same defendant; and
The claims relate to the same or similar circumstances; and
The claim must relate to at least one common issue of law or fact.
For more information about how class actions resolve, click here.
How long do class actions take to resolve?
It can take up to several years for a class action to resolve. The time taken from case commencement through to resolution and settlement administration depends on the particular case, and the nature of the claim.
For more information about class actions and how they work, click here.
Does it cost anything to join a class action?
Shine Lawyers is committed to ensuring that everyone, regardless of their background or financial situation, has access to justice. We run our class actions in a way that means you are not exposed to any costs or financial risk, so joining a class action will cost you nothing.
When a class action is successful, the legal fees and costs to run the class action are deducted from the settlement amount that is approved by the Court. If the class action is unsuccessful, we will ensure there are no out-of-pocket costs to you.
Will my contact details be kept private?
Yes, your contact details will remain confidential and we will seek your consent before disclosing any of your personal information (including before such disclosure is required by the Court).
Shine Lawyers will only use your personal information strictly for the purpose of the legal proceedings.
Meet the Dixon Advisory Class Action team
Shine Lawyers’ Dixon Advisory Class Action team includes some of the firm’s most experienced litigators, solicitors and support staff. You can learn more about the team running this class action by clicking on their profile below.
Why Choose Shine Lawyers?
In successful settlements and judgments
We have secured more than $1 billion in class action settlements and judgments for our group members.
years of collective experience
Our team includes the country’s most experienced class actions experts and litigators with the skill, industry insight and dedication to deliver the best possible outcomes for deserving Australians.
dedicated class actions team members
We are proudly one of the largest class actions teams in the country. Our senior practitioners are supported by a dedicated team devoted to the complex field of class actions.