ANZ and OnePath Super Settlement: What You Need to Know

What Happened

ANZ and OnePath reached a $50 million settlement with members of their superannuation funds over cash investment options held within super and pension accounts. The settlement relates to alleged issues with how cash investments and term deposits were managed within these retirement accounts.

Who May Be Eligible

You may be eligible if you were: - A member of ANZ or OnePath superannuation funds - Held cash investment options within your super or pension account - Had term deposits within your super or pension account - Held these investments during the relevant time period

How Much Could You Receive

The total settlement amount is $50 million, which will be distributed among eligible registered group members. Individual payment amounts will depend on factors including: - The type of cash investment you held - When your losses occurred (losses before January 1, 2015 may be calculated at 70% of later losses) - Whether you held term deposits (which may receive a 50% discount due to weaker claims)

Specific individual amounts are not yet available and will be detailed in Notices of Estimated Distribution sent to registered members.

How to Claim

Please note: Registration for this class action has closed.

1. The registration deadline was February 3, 2025 for most group members
2. A small group of "Omitted Group Members" had until July 8, 2025
3. No further registrations are being accepted as ordered by the Court
4. If you registered, you will receive a Notice of Estimated Distribution if the settlement is approved

Important Dates

• January 23, 2026: Deadline for registered members to file objections to proposed settlement changes
• February 12, 2026: Settlement approval hearing at Federal Court in Melbourne
• Settlement is pending court approval and subject to change