REPRESENTATIVE PROCEEDINGS - Settlement approval pursuant to s 33V of Federal Court of Australia Act 1976 (Cth) (the Act) - whether the proposed settlement is fair and reasonable in the interests of class members to be bound to it - consideration of relevant factors in relation to reasonableness of settlement - whether the proposed settlement distribution scheme is fair and reasonable - whether the legal costs incurred are reasonable - whether the applicant should be reimbursed for expenses incurred for work done on behalf of class members - whether the settlement approval costs and administration costs are reasonable - whether the funding commission to be deducted is fair and reasonable in the interests of class members - whether the Court has power to approve the proposed settlement and to make orders under ss 33V, 33Z, 33ZF and 23 of the Act to reduce an excessive funding commission - conclusion that the Court has such power - relevant factors in relation to whether the litigation funding commission is fair and reasonable - whether funding commission rates between 26% and 30% and the aggregate funding commission are fair and reasonable - settlement approved
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