find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Corporate Lawyer
Category: Generalists - In House | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· 12 months fixed term opportunity
View details
Property lawyer - Melbourne
Category: Property Law | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Impressive client list, national firm · Well-led and high-performing team
View details
Maurice Blackburn class action adds two more banks

Maurice Blackburn class action adds two more banks

Law firm Maurice Blackburn has filed a claim against St George Bank and Bank SA in the ongoing bank fee class action saga.

The fight against unfair bank fees reached new heights yesterday as 10,500 more people joined Australia’s biggest series of class actions. Maurice Blackburn has filed a further claim in the Federal Court against the Westpac subsidiaries St George and Bank SA.

Maurice Blackburn Senior Associate Paul Gillett said the inclusion of St George Bank and Bank SA adds an estimated $16 million in claims to the other class actions against ANZ, CBA, Westpac, Citibank and NAB, taking the claim to well over $200 million.

“These class actions against unfair bank charges are the largest in Australia’s history - $216 million for fees charged against 160,500 customers from seven banks — and there’s every chance it will continue growing,” Gillett said.

“There are families and businesses in every corner of the country that have had enough of unfair bank fees and Maurice Blackburn wants to help them get their money back.

“Australians are sick of the banks throwing their weight around, taking them for granted and charging outrageous fees, whilst happily reaping record profits. This is a chance for people everywhere to fight back.”

One mother and former Sydney small retail business owner Lauren Vella, said the exception fees she’s been charged by St George have placed huge pressures on her family and her business, which she had to sell at a loss.

“The unfair fees we were continually forced to pay put a huge amount of pressure on us and I’m extremely concerned that if nothing is done to stop them, we might have to sell our house that we’ve worked hard to buy as a legacy for our two young sons,” Vella said.

“The banks don’t seem to care or want to help and they don’t realise how badly this can affect families like us who are just after a fair go at trying to create a better life.

“If I can’t leave a legacy for my kids with a house, I can leave a legacy that I helped change the banking system and made it fairer for them as they grow up.”

The bank fees class actions are being funded by IMF (Australia) Ltd, on a no-win no-fee basis for participants.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Maurice Blackburn class action adds two more banks
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Aug 23 2017
NT Law Society sounds alarm on mandatory sentencing
The Law Society Northern Territory has issued a warning over mandatory sentencing, saying it hasn’...
Aug 22 2017
Professionals unite in support of marriage equality
The presidents of representative bodies for solicitors, barristers and doctors in NSW have come toge...
Aug 21 2017
Is your firm on the right track for gig economy gains?
Promoted by The way we do business, where we work, how we engage with workers, even how we take a...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...