Insights

LCM responds to the Federal Government’s draft exposure bill proposing significant changes to Australia’s class actions regime.

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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.