Are You A Qsuper Member and Are You Unaware of Their Class Action Scam? If that is the case for you, read this article as we provide all of the essential details regarding this lawsuit and its potential effects.
Shine Lawyers recently filed a class action lawsuit alleging that Qsuper overcharged its members for life insurance premiums. As per this claim, customers were required to pay an additional fee that covered penalties issued by courts; leading them to accuse this move by Qsuper as overcharging and sparking allegations of an imminent Qsuper scam.
However, it should be stressed that Qsuper is not a scam. Operating since 1912 as part of Australia Retirement Trust and with 15-year platinum rating from rating agency ACREF in Brisbane Queensland as home base; Qsuper stands for Queensland Superannuation Superfund
Shine Lawyers Offer Details About Their Qsuper Class Action Case
Shine Lawyers identified that Qsuper had overcharged Tommy Lam in the insurance premiums he purchased from them, according to reports by the Financial Complaints Authority in Australia’s regional region. Furthermore, they classified him as blue-collar worker although he was an expert in his field and should have qualified for lower premiums.
Many individuals question if Qsuper is a Scam; however, as previously discussed it is not. Shine Lawyers Qsuper Class Action may help bring attention to recent amendments under section 56 that do not allow member savings to cover penalties imposed against them.
Qsuper Held for Overcharging Life Premiums
After an insurance company was accused of overcharging for premium amounts, there was an uproarious debate that they were intentionally overcharging customers to steal their money. However, it must be remembered that any overcharge was likely an oversight and not intended by them as part of some grand plan to scam its members.
Ways to Join Class Action: QSuper Class Action Scam
To qualify for participation in the Qsuper Class Action, one must hold an accumulation account in a company fund that qualifies for professional or standard rates; additionally they must have received money from an expired fund member after 1 July 2016 as per family law act transfer provisions. Those meeting these criteria and receiving transfers from such fund members as per this family law act can join this class action suit.
Conclusion
Qsuper has long been providing retirement funds to Australians. But recent allegations of overcharging led Shine Lawyers to file a class action lawsuit. It should be stressed that Qsuper is not a scam; any overcharges were simply mistakes which they are now rectifying.
If you are a Qsuper member and interested in joining the class action lawsuit, make sure that you meet the eligibility requirements outlined above. However, if there is something amiss with your pension plan it would be prudent to contact Qsuper directly so they can address these directly.
Hopefuly this article has provided all of the pertinent details regarding Qsuper Class Action Scam.
