PRACTICE AND PROCEDURE - settlement agreement - application for court approval of settlement of representative proceeding under s 33V of the Federal Court of Australia Act 1976 (Cth) - first proposed settlement refused - parties reached revised settlement - class members advised of the deficiencies in the first proposed settlement - revised settlement improves the result for class members - class members provided with a further right to opt out of the revised settlement - further counsels' opinion as to prospects of success provided - whether legal costs charged to class members are fair and reasonable - revised settlement approved - legal costs approved
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