OnePath Class Action Update (August 2026)
The most advanced of the Australian super class actions. Eligible registered members have already been told what they are getting — if you did not get a notice, that is worth chasing this week.
Approved and paying out. Individual entitlements have been notified.
| Case | Janssen & Anor v OnePath Custodians, Federal Court of Australia (VID9/2021) |
|---|---|
| Firm | Slater and Gordon |
| Respondents | OnePath Custodians and related ANZ entities |
| Settlement sum | $50 million |
| Approved | 20 March 2026 |
| Estimated distribution notices | Issued from 22 June 2026 |
| Status | Distribution in progress |
| Basis | No admissions; respondents deny liability |
The timeline, and where it stands now
- ✓20 March 2026 — the Federal Court made orders approving the $50 million settlement.
- ✓From 22 June 2026 — a Notice of Estimated Distribution was sent to eligible registered group members, stating the amount each is entitled to receive.
- ✓Now — payments are being processed under the approved distribution scheme.
If you registered and have not seen a notice since 22 June 2026, that is a live problem worth acting on this week. The likely causes, in order: stale contact details (notices go to the address on the registration record); it went to spam or arrived as a letter you filed unread; or your registration did not complete. Contact the settlement administrator or Slater and Gordon and ask them to confirm your status and reissue the notice. There is no cost.
Your notice states your actual entitlement. That figure is specific to you and is far more reliable than any estimate on any website, including this one. If you have the notice, you already have the answer to "how much will I get."
What the case was about
The proceeding concerned superannuation held through OnePath Custodians, part of the ANZ group, and forms part of the same wave of Australian super litigation as the AMP, QSuper and BT Super cases — claims that trustees failed to act in members' best interests in relation to fees charged and the arrangements under which members' money was invested.
The respondents denied liability throughout, and the settlement was reached on a no admissions basis. Approval by the Court is a finding that the settlement is fair and reasonable for group members, not a finding that the allegations were true.
How much are members receiving?
Unlike the other cases on this site, you do not have to estimate — eligible registered group members were sent an individual figure from 22 June 2026.
For general context: $50 million less legal costs, funding and administration, divided across the eligible group. As with the comparable settlements, expect a figure in the tens to low hundreds of dollars for a typical member, scaling with your balance and how long you held the affected product during the claim period.
How the payment reaches you
- ✓Still hold an account with the fund — the amount is credited directly into your superannuation account, appearing as a transaction on your statement rather than as money in your bank.
- ✓No longer hold an account — the distribution scheme sets out the treatment for former members; in comparable schemes, amounts are transferred to the ATO as unclaimed superannuation and recovered through myGov.
Your Notice of Estimated Distribution specifies which applies to you.
Frequently Asked Questions
What is the latest OnePath class action update?
Settlement approved 20 March 2026; estimated distribution notices issued from 22 June 2026; payments now being processed under the approved scheme.
I registered but got nothing. What do I do?
Contact the settlement administrator to confirm your registration status and update your contact details. This is the most common and most fixable problem at this stage of a settlement.
I never registered. Am I too late?
Almost certainly for the distribution, but confirm with the administrator rather than assuming. Australian class actions are opt-out, so you were a group member automatically — but participation in the distribution is normally conditional on registering by the Court-set date.
Can I dispute the amount in my notice?
The distribution scheme approved by the Court sets out the process for querying an assessment, and there is usually a defined window in which to do it. Raise it with the administrator promptly; the timeframes are short.
Does the payment affect my tax or my contribution caps?
An amount credited into a super account is treated within the superannuation system. Whether it counts toward a contribution cap depends on how the scheme characterises it — the notice addresses this, and if the amount is significant it is worth asking your accountant.
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