The Applicants have retained Taxcellent Consulting Services to act as their solicitors, but it is not necessary for you or other Group Members to retain Taxcellent Consulting Services in order to participate as a Group Member.

The costs of the Woolworths Class Action have, to this point, been funded in part by Taxcellent Consulting Services and in part by International Litigation Funding Partners Pte Ltd (ILFP) (in the latter case, pursuant to various Funding Agreements entered into between ILFP and the Applicants and between ILFP and some of the Group Members).

Specifically, throughout the course of the class action ILFP:

indemnified the Applicants and Group Members against any adverse costs orders that might be made against them in the Woolworths Class Action;
paid into Court amounts totalling $2.5 million as security for such adverse costs orders; and
paid the majority of the legal costs incurred in conducting the Woolworths Class Action (including the costs of solicitors, barristers and experts).
If the proposed settlement of the Woolworths Class Action is approved by the Court, it is likely that the Court will order that the total legal and funding costs of conducting the class action be deducted from the aggregate settlement sum, before calculating each Group Member’s entitlement. In other words, the legal and funding costs of conducting the Woolworths Class Action will be spread equitably among all participating Group Members. Thus, if you are eligible to participate as a Group Member in the distribution of the settlement sum, your share of the settlement (if any) will be calculated and paid to you after deduction of legal and funding costs – under no circumstances will you, by registering to participate in the proposed settlement, be liable to pay any ‘out-of-pocket’ costs, whether to Taxcellent Consulting Services, to ILFP or otherwise.