Additional perspectives on draft bill to change Australia’s class actions regime

LCM provides a further submission in response to the Federal Government’s draft bill purporting to improve outcomes for funded class actions.

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LCM submits that any changes to Australia’s litigation funding industry and class actions regime must be carefully considered and structured, with the benefit of genuine and broad stakeholder consultation.

It is LCM’s submission that meaningful consideration and consultation has not taken place in the very short time that the Bill has been developed. LCM submits that the Bill is, therefore, premature and underdone. It needs finessing in some parts. And it needs fundamental rework in others.

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