Class Action against Developers in the ACT
Omni Bridgeway is currently funding/pursuing a series of Class Actions against certain property developers for the refund of GST included on purchases of new residential units in the Australian Capital Territory. You may be eligible to join one of the GST Class Actions if:
- you have purchased a residential unit in the ACT directly from a developer (i.e. a new or off the plan purchase); and
- your purchase settled in the last 6 years; and
- your contract stated that GST was included on that transaction.
If you believe you meet the above criteria and you wish to register your interest in joining one of the GST Class Actions, please read this information page carefully first, and then click on the button below and follow the instructions to provide your details. You will then be sent a copy of the Registration Pack which must be kept strictly confidential.
Who is conducting the Class Action?
The Class Actions are funded by Omni Bridgeway (ASX: OBL) (Omni Bridgeway), Australia’s largest litigation funder.
The lawyers conducting the Class Actions are Corrs Chambers Westgarth (Corrs) in Sydney. Corrs are one of the leading firms in Australia for class action litigation.
How much will it cost to be part of the GST Class Actions?
The Class Actions are each run on a "no win – no fee" basis, with all costs to be paid by Omni Bridgeway. This means that you will not have to pay any fees unless the claims are successfully resolved and you get financial compensation, in which case Omni Bridgeway will only be paid out of any compensation you recover.
If any of the Class Actions are unsuccessful and the Court makes an adverse costs order, Omni Bridgeway will pay the other side’s costs and it will not cost you anything.
How to participate in the GST Class Actions
You can register your interest in the GST Class Actions by completing the registration process on this website.
Registration is free and without obligation and should take you no more than 10 minutes to complete. You will be asked some basic questions about yourself and your property purchase. It may assist if you have details of your property to hand before starting, for example a copy of your sale contract.
Once you have registered your interest, you will be sent a confidential Registration Pack including the documents you will need to complete in order to participate in the relevant GST Class Action.
You will have the opportunity to obtain independent legal advice before you sign an Omni Bridgeway Litigation Investigation, Management and Funding Agreement (Omni Bridgeway Agreement) and Corrs’ Retainer and Costs Agreement (Corrs Retainer), and Omni Bridgeway encourages you to do so if you do not understand any aspect of those documents.
It is important to note that each of the GST Class Actions will only proceed against a developer if sufficient people with a valid claim sign up to the Omni Bridgeway Agreements.
Current stage of case
In March 2020 the parties reached a conditional settlement for the Governor Place development at 30 & 32 Blackall Street, Barton ACT 2600, subject to Court approval. Consequently, each class member is entitled to receive a share of the settlement money, provided that they register their details within the time period required by the Court.
A notice to class members about the settlement is below (Notice). The applicants’ solicitors distributed the Notice in April 2020, including by posting a copy to the unit purchased by class members in the Governor Place development, and by having the Notice displayed on this website. The Notice states that the deadline for registering to participate in the Class Action was in May 2020. The court has since extended this deadline to 31 July.
To participate in the conditional settlement, class members must complete and return the Registration Form annexed to the Notice, using the contact details on the Registration Form, by 31 July 2020.
Click here to download the Notice
How do I find out more about the GST Class Actions?
If you have any questions about the GST Class Actions, you can contact the Omni Bridgeway Client Liaison Team in our Perth office by email on [email protected] or by calling 1800 016 464.
Confidential Registration Process - for Claimants only
- Register now with your contact details to request that a confidential Registration Pack be emailed to you.
- Complete, sign and return the Litigation Funding Agreement and Solicitor Retainer, enabling you to get the benefits of our investigations and join in the proceedings.