This article is intended to inform readers about the Shine Lawyers Scam and recent claims made by a non-profit fund.
QSuper is being sued for a lawsuit. Qsuper broke any obligations? What obligations did Qsuper breach? Is QSuper handling your pension plan? You may have been overcharged.
Shine Lawyers filed a class-action lawsuit on behalf several fund members from QSuper in Australia who were unfairly charged excessive premiums for contracts of life insurance. Check out Shine Lawyers Scam.
Has QSuper been proven to be a scam by the authorities?
QSuper, a non-profit industrial funds company with assets of 120 billion dollars USD, has filed a class action lawsuit alleging that it overcharged clients for mandatory life insurance premiums they were forced to buy through its for-profit subsidiary established in 2016.
QSuper was the first fund, supported by its union and employees, to receive permission to charge customers an additional fee to cover court fines and penalties. Federal Court was sued on behalf of 140,000 QSuper Members. QSuper, however, is not a fraud.
About Shine lawyers Class action Qsuper
Shine Lawyers capitalized on a recent finding of the Financial Complaints Authority of Australia that QSuper had overpriced Tommy Lam, a medical doctor for life insurance coverage by classifying him a blue-collar worker rather than an expert worker who would have been entitled to a lower premium.
The Queensland-associated fund that oversees state employees’ retirement savings faces an eventual fine related to an ATO investigation into an alleged 200 million USD dividend-eliminating plan.
Shine Lawyers’ class action lawsuit could be the first to challenge the Section 56 amendments to the government assessment that prohibited the use of member savings to cover monetary fines.
Joining the class action: Shine Lawyers’ Qsuper Scam
You must be a member of one of the following groups to join the QSuper class action.
- You must have an Accumulation account in QSuper Fund by May 17, 2016 and qualify for White Collar rates, Professional Rates*(Fund Member) or Standard Rates.
- You must be working in the place of a deceased Fund Member;
- You must have received money from a fund member who has expired after July 1, 2016.
- A transfer must have been made by a member of the fund pursuant to a court judgment or an agreement in a Family Law Act, 1975 (Cth) matter.
- QSuper encourages you to join the QSuper Class Action if you meet the above conditions.
Quick Guide to QSuper:
- Company name- QSuper
- Queensland Public Sector Super Funds
- Australian Retirement Trust
- Company Type-Superannuation Fund-based company
- Location Brisbane, Queensland
- Establishment date- 1912
- Rating- 15 Year Platinum
Conclusion:
Shine Lawyers, an organization that is based on funds, has recently been involved in a class-action lawsuit against QSuper. The lawsuit was filed after a QSuper member complained that they were overcharged.
