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Equity Financial Planners Pty Ltd v AMP Financial Planning Pty Ltd [2024] FCA 1036

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REPRESENTATIVE PROCEEDINGS- application for approval of a settlement pursuant to s 33V(1) of the Federal Court of Australia Act 1976 (FCA Act)- where 20% of group members object- the importance of objections and the protective function of the Court explained- whether proposed settlement is fair and reasonable-consideration of proposed deductions from settlement sum- ATE insurance premiums and internal expenses disallowed- whether suppression and non-publication orders are necessary to prevent prejudice to the administration of justice-duration of orders- whether orders until further order comply with the requirement to fix a definite period at s 37AJ of the FCA Act-limited confidentiality orders made with variable duration periods- settlement with adjustments approved

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