Under UCPR r 7.4(2), there is no presumption in favour of 'opt out' over 'opt in' representative proceedings. The Federal Court Part IVA jurisprudence on class action procedure, including the reasoning in Dorajay, is not applicable to the NSW rules. Access to justice, including the practical likelihood that claims would not proceed without litigation funding, is a relevant consideration entitled to significant weight in the exercise of the discretion. The required content of a Product Disclosure Statement under ss 1013D(1)(c) and 1013E of the Corporations Act raises objectively stated requirements that constitute substantial common issues of fact not dependent on individual circumstances.
The full text is available to signed-in members, including the 5 later cases that cite this judgment.
1 of the 5 citing cases carry a classified treatment. How each court treated it is available to signed-in members.