Qsuper, one of the well-known Australian superannuation funds, has recently been in the headlines for a class action lawsuit filed against them. The lawsuit alleges that Qsuper overcharged its clients for life insurance premiums, which led them to purchase a profit subsidiary established in 2016. The shine lawyers are handling the case, and they have asked the members to come forward and claim their refunds.
In this article, we will discuss the Qsuper class action scam and provide you with all the necessary details. So, let’s dive in!
Qsuper Scam – Myth or Reality?
There has been a lot of buzz in the market about Qsuper being a scam. However, we would like to clarify that Qsuper is a part of the Australian retirement trust and has been in operation since 1912. The company has received a platinum rating for the past 15 years and is a well-known player in the Australian superannuation fund market.
Qsuper Class Action Lawsuit
Shine Lawyers, one of the most reputed law firms in Australia, has filed a class action lawsuit against Qsuper. The lawsuit claims that Qsuper overcharged its members for life insurance premiums, which led them to purchase a profit subsidiary established in 2016. The lawsuit alleges that Qsuper breached its obligations to notify its members of changes to premiums.
Who Can Join the Class Action?
To join the class action, the member must have a definite accumulation account in Qsuper’s fund and must come under the qualification for the white-collar rates professional or standard rates.
The members must have received money from an expired fund member after the first of July 2016. The members who wish to join the class action must have received a transfer from a fund member as per the family law act.
What are the Allegations Against Qsuper?
The lawsuit filed by Shine Lawyers alleges that Qsuper overcharged its members for life insurance premiums, and it breached its obligations to notify its members of changes to premiums.
The lawsuit claims that Qsuper classified a member as a blue-collar worker, even though he was an expert in his field and should have been eligible for a lower premium.
What Happens Next?
The case is still ongoing, and the members are encouraged to come forward and claim their refunds. Shine Lawyers are handling the case, and they have asked the members to contact them if they feel that they have been overcharged for their life insurance premiums.
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Conclusion
In conclusion, the Qsuper class action scam is an ongoing case, and the members are encouraged to come forward and claim their refunds if they feel that they have been overcharged for their life insurance premiums.
Shine Lawyers are handling the case, and they have asked the members to contact them if they have any queries regarding the lawsuit. We hope that this article has provided you with all the necessary details about the Qsuper class action scam.
