AAI & MTA car dealer add-on insurance class action

All Eligible Group Members who participate in the settlement administration must:

1. Answer all questions truthfully, and to the best of your knowledge, accurately;
2. Ensure that your contact information is up to date and notify us of any changes; and
3. Respond to all communication requests from us (as Scheme Administrator) – including activities, emails and text prompts – within the timeframes and/or due dates provided in the communication.

We hope to commence making payments in late 2026. This is an estimate only, and it may take more time. 

During the settlement administration, the settlement sum will be placed into an interest-bearing bank account. Any interest accrued forms part of the settlement sum. 

The interest will firstly be used to pay settlement administration costs. Any remaining interest will be managed and distributed to eligible group members in accordance with the SDS.

We do not know yet how much you will be paid individually. We are currently conducting initial compensation assessments.

The following information is general in nature and based on preliminary estimates. Final figures may change. We estimate that average payments may range from approximately $100 to $4,000, with an average payment of approximately $600.

Some eligible group members will receive more or less than the average amount depending on individual factors such as how much you paid for your policy or policies, and when you purchased the add-on insurance.

Policies purchased before 30 March 2015

Less compensation is available for policies entered into before 30 March 2015. This is because those claims carried greater legal risk, including the possibility that a limitation period may have prevented those claims from succeeding. The Court approved discounts for those claims as part of the loss formula in the Settlement Distribution Scheme. The Settlement Administrator cannot change this. Your Estimated Distribution Notice will contain the policy date so you can see if this applies to you.

Individual compensation is not guaranteed

While most eligible group members will receive compensation, this is not guaranteed and will depend on individual circumstances.

Some eligible group members will not be entitled to any compensation from the Settlement Sum, either because their loss is $0 after applying the loss assessment formula, or after the loss assessment formula is applied to their claim data, their estimated distribution amount would be less than the ‘Minimum Distribution Amount’, which is $30. For example, some people have received claims payouts or refunds that will reduce or exceed any compensation.

We cannot accept bank details yet. Please do not send them to us at this time.

When we send your Estimated Distribution Notice in the coming months, we will send you a link to provide your bank account details via a secure form so that we can pay you. There will be a deadline to provide these details.

You will be asked to provide your account name, account number, BSB, nationality and date of birth. If you have a company or trust claim, you will be asked for your company or trust’s address and country of domicile. We will never ask for your bank card information, PIN number, or internet banking login.

We will not be able to accept bank details provided via phone or email for security reasons, and due to the volume of group members. If you need help with technology, you may wish to ask a trusted family member or friend to help you.

After we have collected bank details, we will then need to conduct some important verification and Sanctions Checks, and calculate your final compensation amount, before we can make payments. We expect to make payments in the second half of 2026.