This class action was also known as the Income Compliance class action.
If you’re a registered, eligible group member, we’ll send you a letter from 5 September 2022 with the amount of your settlement payment.
Most people will be paid within a week of receiving their letter.
Everyone should receive their settlement payment by 30 September 2022.
Most people won’t get large amounts of money as a settlement payment. Settlement payments are calculated in a similar way to interest. The amount you get depends on:
- how much money you repaid
- how long you went without the money.
Around half of all settlement payments will be between $50 and $300.
People who only repaid small amounts may get less than $10. A small number of people, around 1%, will get less than a dollar.
Your letter will include information about how settlement payments were calculated and distributed. To see how your individual settlement payment was calculated, download your settlement statement.
If you’ve checked your statement and you think your settlement payment amount is wrong, you can ask for a review.
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