May 2025 update
On 9 May 2025, the Supreme Court of Victoria heard the application to approve the proposed settlement of the Esanda Car Loans (ANZ and Macquarie Bank) Flex Commission Class Action. The Court reserved its judgement.
If the Court approves the proposed settlement, there will be an appeal period of 63 days from the date the Court makes the approval orders (Appeal Period). After this, the Settlement Administration will formally commence. We currently estimate the Settlement Administration will take approximately 12-15 months from the expiration of the Appeal Period.
For registered group members, there is no action required from you at this stage. Maurice Blackburn will contact you when we require further information about your claim, which will be after the expiry of the Appeal Period.
Further updates will be published on this website and our social media pages.
About this class action
The class action concerns flex commissions paid by ANZ to car dealers. ANZ allowed car dealers to set the interest rates on consumers’ car loans. The higher the interest rate set by a dealer, the higher the flex commission paid by ANZ to the dealer. The class action alleges that flex commissions were unfair and unlawful and resulted in consumers paying higher interest rates on their loans then they otherwise would have done.
Group members had a consumer car loan arranged through a car dealer between 1 January 2011 and 31 March 2016 on which a flex commission was paid by ANZ to the car dealer.
Proposed settlement
The parties have agreed to settle the Esanda car loans (ANZ and Macquarie Bank) flex commissions class action for $85 million including legal costs. The proposed settlement has been agreed on a no admission of liability basis.
The settlement is subject to approval of the Supreme Court of Victoria. The Court will conduct a hearing on Friday, 9 May 2025 at 10:30am to decide whether to approve the proposed settlement and, if approved, how the settlement sum will be distributed to group members.
If the Court approves the proposed settlement, it will bind all group members, except those who opted-out of the proceeding.
The registration period has closed
The deadline to register to participate in the proposed settlement of the Esanda car loans (ANZ and Macquarie Bank) flex commissions class action has passed.
Group members were able to register their claims between 14 February 2025 and 14 March 2025. This was a Court ordered deadline and Maurice Blackburn does not have the discretion to accept registrations after this time.
FAQs for Esanda car loans (ANZ and Macquarie Bank) flex commissions class action
You are a group member if you had a consumer car loan arranged through a dealer on which a flex commission was paid with ANZ (‘Esanda’) between 1 January 2011 and 31 March 2016.
PLEASE NOTE:
- Car loans that started with Esanda and then were transferred to Macquarie in 2016 are part of the ANZ (Esanda) Car Loan Class Action.
- It does not matter whether or not you have paid off the car loan and whether or not you still have the car you paid for with the car loan.
- This class action covers car loans on new and used vehicles.
- This class action only covers consumer car loans arranged through car dealers. It does not cover loans arranged directly with the banks, novated leases, business loans or goods loans.
The registration period has closed.
The deadline to register to participate in the proposed settlement of the Esanda car loans (ANZ and Macquarie Bank) flex commissions class action has passed.
Group members were able to register their claims between 14 February 2025 and 14 March 2025. This was a Court ordered deadline, and Maurice Blackburn does not have the discretion to accept registrations after this time.
If the Court approves the proposed settlement, the settlement sum will be distributed to eligible group members pursuant to a settlement distribution scheme. A copy of the proposed settlement distribution scheme is available here. It is subject to approval by the Court. The settlement distribution scheme aims to deliver a simple, fair and cost-effective way to distribute the settlement funds to eligible group members.
Under the proposed settlement distribution scheme, the settlement sum will not be divided equally between eligible group members. This is because group members’ claims have different values, risks and complexities associated with them.
We are unable to provide group members with an estimate of the amount of money they will receive if found eligible to participate in the proposed settlement. This is because any amount of compensation they receive will depend on a range of factors, including the:
- number of group members who registered to participate in the proposed settlement;
- terms of their loan contract; and
- date on which they entered their car loan contract.
At this stage, we are unable to tell eligible group members when they will receive compensation.
The Court will be asked to approve the following deductions from the settlement sum before the remainder is distributed to eligible group members.
Legal costs:
The Court has made a ‘group costs order’ of 24.5% in this proceeding. This means that Maurice Blackburn will be paid 24.5% of the settlement sum (i.e., $20,825,000) for legal costs and the risks it took in running the class action from August 2020 to 9 May 2025. The Court may adjust the group costs order if it considers it appropriate to do so.
Plaintiff’s reimbursement payment:
The Court will be asked to approve a reimbursement payment of $30,000 to the Plaintiff to compensate him for his time associated with the class action.
Settlement administration costs:
The Court will be asked to appoint Maurice Blackburn as the settlement administrator to implement the settlement distribution scheme.
We estimate that there will be up to $3.5 million in settlement administration costs associated with implementing the settlement distribution scheme.
The Court has made a group costs order of 24.5% in the class action. This means that Maurice Blackburn will be paid 24.5% of the settlement sum for legal costs and the risk it took in running the class action. The Court will also be asked to approve the Plaintiff’s reimbursement payment and settlement administration costs as outlined above. These costs will be deducted from the settlement sum before the remainder is distributed to eligible group members.
Contacting Maurice Blackburn
Please continue to review this website and social media for the latest updates on the Esanda Car Loans (ANZ and Macquarie Bank) settlement administration. New and updated Frequently Asked Questions will be made available throughout the administration.
If you need to update your contact details, please email the team at esandaflexca@mauriceblackburn.com.au with your new contact details. Make sure you put “Change in Contact Details” in the subject line of your emails.
To keep administration costs to a minimum for the benefit of all group members, we will not be responding to enquiries (other than updating contact details) via email or phone.
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Australian leaders in class actions.
Our reputation for excellence in class actions is unparalleled, having recovered more than $4.3 billion for clients.
We are the only Australian class actions firm to deliver $100m+ settlements to clients in shareholder and listed securities actions, which we have done on ten occasions.
Lower cost to clients
Biggest recoveries
Most experienced
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