Judge OKs Banksia receiver’s $10M deal with Mark Elliott estate, notes perversity of trust law

Class Actions 2025-07-07 11:53 pm By Cindy Cameronne | Sydney

A judge has given the greenlight to a $10 million settlement with entities linked to late solicitor and Banksia class action mastermind Mark Elliott, noting the “perverse” difficulty of recovering more of the $70 million in assets held on trust.