Slater & Gordon has announced plans for a class action on behalf of bank customers in New Zealand who are said to have been overcharged up to $1 billion (NZD) in bank fees. The proceedings are based on similar grounds to those raised in Australia, where a test case against the ANZ bank is pending in the Federal Court.

Slater & Gordon is working with Auckland lawyer Andrew Hooker, who will lead the action and litigation funder Litigation Lending Services (NZ). The firm is calling for registrations from interested litigants.