Class Action against Developers in the ACT

23 Aug 2016

Class Action against Developers in the ACT

IMF is currently funding/pursuing a series of Class Actions against certain property developers for the refund of GST included on purchases of new residential units in the Australian Capital Territory. You may be eligible to join one of the GST Class Actions if:

  1. you have purchased a residential unit in the ACT directly from a developer (i.e. a new or off the plan purchase); and
  2. your purchase settled in the last 6 years; and
  3. your contract stated that GST was included on that transaction.

If you believe you meet the above criteria and you wish to register your interest in joining one of the GST Class Actions, please read this information page carefully first, and then click on the button below and follow the instructions to provide your details. You will then be sent a copy of the Registration Pack which must be kept strictly confidential.

Who is conducting the Class Action?

The Class Actions are funded by IMF Bentham Limited (ASX: IMF) (IMF), Australia’s largest litigation funder.

The lawyers conducting the Class Actions are Corrs Chambers Westgarth (Corrs) in Sydney. Corrs are one of the leading firms in Australia for class action litigation.

How much will it cost to be part of the GST Class Actions?

The Class Actions are each run on a "no win – no fee" basis, with all costs to be paid by IMF. This means that you will not have to pay any fees unless the claims are successfully resolved and you get financial compensation, in which case IMF will only be paid out of any compensation you recover.

If any of the Class Actions are unsuccessful and the Court makes an adverse costs order, IMF will pay the other side’s costs and it will not cost you anything.

How to participate in the GST Class Actions

You can register your interest in the GST Class Actions by completing the registration process on this website.

Registration is free and without obligation and should take you no more than 10 minutes to complete. You will be asked some basic questions about yourself and your property purchase. It may assist if you have details of your property to hand before starting, for example a copy of your sale contract.

Once you have registered your interest, you will be sent a confidential Registration Pack including the documents you will need to complete in order to participate in the relevant GST Class Action.

You will have the opportunity to obtain independent legal advice before you sign anIMF Litigation Investigation, Management and Funding Agreement (IMF Agreement) and Corrs’ Retainer and Costs Agreement (Corrs Retainer), and IMF encourages you to do so if you do not understand any aspect of those documents.

It is important to note that each of the GST Class Actions will only proceed against a developer if sufficient people with a valid claim sign up to the IMF Agreements.

How do I find out more about the GST Class Actions?

If you have any questions about the GST Class Actions, you can contact the IMF Client Liaison Team in our Perth office by email on [email protected] or by calling 1800 016 464.

Confidential Registration Process - for Claimants only

  1. Register now with your contact details to request that a confidential Registration Pack be emailed to you.
  2. Complete, sign and return the Litigation Funding Agreement and Solicitor Retainer, enabling you to get the benefits of our investigations and join in the proceedings.