Phi Finney McDonald acts for the Representative Applicant, Daniel Tour, and Australia and New Zealand Banking Group Limited (ACN 005 357 522) (ANZ) credit card holders who were charged interest by ANZ from 1 July 2010 to 31 December 2018 in a class action against ANZ. The class action, filed in the Federal Court of Australia, alleges that ANZ’s “interest-free” credit card contracts contained unfair terms and that ANZ engaged in unconscionable conduct causing loss and damage to ANZ credit card holders. Woodsford is providing financing for the class action.
The Applicant and ANZ have agreed to settle the ANZ Credit Cards Class Action and the Court approved the settlement on 19 December 2024. The settlement is without admission of liability.
The Court ordered deadline for registration to participate in the class action has passed.
On 31 May 2024, the Federal Court of Australia ordered that group members must register by 4 October 2024 to participate in and receive money from the settlement of the class action. In accordance with Court orders, Phi Finney McDonald will distribute the settlement funds to eligible registered group members by 7 April 2025.
Please note that the ANZ Credit Card Class Action Portal is now closed to prepare for the distribution of settlement funds. Eligible registered group members will receive a notice from Phi Finney McDonald by 7 April 2025 to confirm the amount of money payable to them. If you do not receive this notice from Phi Finney McDonald, this means that you are not eligible to receive a financial payment from this settlement.
Please note that Phi Finney McDonald will never:
- Ask you to transfer money to Phi Finney McDonald or any other person or company.
- Ask for any of your passwords.
- Ask for remote access to your devices.