Book contents
- The Cambridge International Handbook of Class Actions
- The Cambridge Handbook of Class Actions
- Copyright page
- Dedication
- Contents
- Contributors
- Foreword
- Acknowledgments
- Part I The United States
- Part II The Americas
- Part III Europe
- Part IV Asia and the South Pacific
- 16 The Emergence and Reform of the New Zealand Class Action
- 17 Representative Proceedings in Singapore
- 18 Class Action in China
- 19 Class Actions in Australia
- 20 Empirical and Practical Perspectives on Twenty-Seven Years of Product Liability Class Actions in Australia
- 21 Securities Class Actions in Korea
- 22 A Review of the Current Status of, and Future Issues Facing, Consumer Class Action Systems in Japan
- 23 The Indian Securities Fraud Class Action
- Part V Middle East and Africa
20 - Empirical and Practical Perspectives on Twenty-Seven Years of Product Liability Class Actions in Australia
from Part IV - Asia and the South Pacific
Published online by Cambridge University Press: 29 January 2021
- The Cambridge International Handbook of Class Actions
- The Cambridge Handbook of Class Actions
- Copyright page
- Dedication
- Contents
- Contributors
- Foreword
- Acknowledgments
- Part I The United States
- Part II The Americas
- Part III Europe
- Part IV Asia and the South Pacific
- 16 The Emergence and Reform of the New Zealand Class Action
- 17 Representative Proceedings in Singapore
- 18 Class Action in China
- 19 Class Actions in Australia
- 20 Empirical and Practical Perspectives on Twenty-Seven Years of Product Liability Class Actions in Australia
- 21 Securities Class Actions in Korea
- 22 A Review of the Current Status of, and Future Issues Facing, Consumer Class Action Systems in Japan
- 23 The Indian Securities Fraud Class Action
- Part V Middle East and Africa
Summary
In the Second Reading Speech for the 1991 Bill that brought Part IVA of the Federal Court of Australia Act 1976 (Cth) (Part IVA) into law, the Attorney-General articulated the well-known trilogy of benefits that the new class actions regime was expected to bring, which were to enhance access to justice, reduce costs and promote efficiencies in the use of court resources.
It was hoped that Part IVA would achieve these purposes by facilitating claims by people whose individual loss, although significant, was outweighed by the cost or risk of bringing individual legal action. It was also hoped that spreading costs across a group of people would make it possible and economical for these types of claims to be brought, and that efficiencies could be realised by eliminating the need to separately try the same issue. The interests of defendants would be protected by an avoidance of inconsistent verdicts and results and by the resolution of a large number of claims in a single action.
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- Information
- The Cambridge Handbook of Class ActionsAn International Survey, pp. 391 - 418Publisher: Cambridge University PressPrint publication year: 2021
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