The Banksia Securities Limited legal case shows how class actions can be successful in challenging fees abc.net.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abc.net.au Daily Mail and Mail on Sunday newspapers.
Victorian Supreme Court judge John Dixon says the Coalition misunderstood one of his judgements and pushed through a raft of changes that put class actions under threat of extinction.
The $5.3 billion HIH implosion wiped out more than many high-profile reputations. It cut a swath through the insurance industry, and overhauled the regulatory regime.