Tully rejects Newman's criticism of the class action lawsuit

FLOOD victims have been urged by Cr Paul Tully to sign up to a potential $1billion class action that could see them compensated for damage to their homes and businesses.

The class action, launched by litigation backer IMF Australia and law firm Maurice Blackburn against the Queensland Government, Sunwater and Seqwater, is now certain to go ahead.

Cr Tully has also rejected the criticism of the class action by Premier Campbell Newman

Mr Newman warned those signing up for the class action that lawyers may end up being the major beneficiaries of the class action.

He said: "I would hate to see any sort of payout to them (victims), if that ultimately happened, being gobbled up in legal fees."

But Cr Tully said "Maurice Blackburn and IMF are on a maximum takeout of about 30%".

"Campbell Newman was suggesting that if people get involved they might end up with nothing, but he is just trying to scare people out of lodging," Cr Tully said.

"But 70% of something is better than 100% of nothing.

"I am encouraging people to sign up because this is the only opportunity for residents and business owners to be compensated for their losses caused by the mismanagement of the Wivenhoe Dam in 2011.

"The flood commission of inquiry found that the dam had not been managed in accordance with the manual, and that will form one element of the claim against the state government."

IMF Australia and Maurice Blackburn are the ones taking the risk on behalf of flood victims.

"They are in for millions of dollars already," Cr Tully said.

"There are a very few flood victims who would be able to employ engineers, hire experts and hydrologists from overseas and put together a legal case against the state government.

"Clive Palmer is about the only person in Queensland who could run his own legal action."

Goodna was the hardest hit suburb in south-east Queensland in January 2011 with 600 flood-affected properties.

Cr Tully lost his family home in the flood and said the announcement the class action would go ahead was a "major ray of hope for all flood victims".

He called on the State Government to enter negotiations in good faith for a settlement of the class action without the need for an expensive legal trial.

"The State Government must act as a model litigant to ensure all flood victims are fairly compensated for their losses," he said.

Flood victims must sign up for the class action by February 28, 2014.

Meetings for registrants will be held on Sunday, December 15, at The Greek Club, South Brisbane, commencing at 1pm, and on Monday, December 16, at the Metro Hotel International, Ipswich, at 7pm.

For more information about the meetings or to register for the floods class action visit imf.com.au/wivenhoe or call 1800016464.

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