Businesses impacted by one of the world's longest COVID-19 lockdowns will receive $125 million from taxpayers.
Up next
Author
Share this @internewscast.com
FacebookXRedditPinterest
Businesses impacted by one of the world’s longest COVID-19 lockdowns will receive $125 million from taxpayers after a state government agreed to settle the matter.
A class action was brought in the Supreme Court on behalf of businesses impacted financially by Victoria’s 2020 lockdowns.
Retail businesses, including lead plaintiff 5 Boroughs NY Pty Ltd, argued the state government should pay them for economic loss resulting from the lockdown as customers were prevented from attending their physical businesses, due to restrictions between July and October.
Businesses impacted by one of the world's longest COVID-19 lockdowns will receive $125 million from taxpayers.
Businesses impacted by Victoria’s long COVID-19 lockdowns will receive $125 million from taxpayers.(AP)
The Victorian government confirmed the settlement outside of court today, saying it continues to stand by “the steps it took during the pandemic to keep Victorians safe”.

The state has announced an agreement to resolve a longstanding issue, according to a spokesperson.

“The parties involved have reached a $125 million settlement, which will prevent extended legal battles,” the spokesperson stated.

Quinn Emanuel Urquhart & Sullivan, the law firm representing the class action, noted that the settlement marks the end of “years of intense litigation” on behalf of affected businesses.

“This is a major victory for eligible businesses,” said Damian Scattini, a partner at the firm, in a statement. “The period from July to October 2020 posed extraordinary challenges for Victorian retail businesses.”

Scattini added, “The $125 million settlement we secured acknowledges the hardships faced and aims to provide some relief to eligible businesses.”

The application for settlement approval has been postponed to a date yet to be determined.

NEVER MISS A STORY: Get your breaking news and exclusive stories first by following us across all platforms.

Share this @internewscast.com
FacebookXRedditPinterest
You May Also Like

Australia Dodges Recession Fears as Markets Anticipate March Rate Increase

Australian Treasurer Jim Chalmers has expressed confidence that the nation’s economy will…
Premier Chris Minns tried to soothe the concerns of industry leaders as the petrol crisis grows.

NSW Government Engages with Industry Leaders Amid Escalating Fuel Crisis

New South Wales Premier Chris Minns has assured residents that the state…

Israeli Forces Initiate Ground Operation in Southern Lebanon

In brief Israel’s defence minister has warned that those displaced in Lebanon…

New Alert Issued on Hazardous Financial Guidance Aimed at Young Australians

In brief Nearly two out of three respondents said they had logged…
Petrol prices showing BP petrol station in Clovelly 16th March 2026.

Urgent Talks with Top Fuel Giants: Solutions to the Ongoing Petrol Crisis Unveiled!

Australia’s consumer watchdog insists it will keep a close eye on fuel…

Exploring the Mental Health Effects of Following the Middle East Conflict

The ongoing turmoil in the Middle East is intensifying, with significant developments…

Controversy Arises as Taiwanese Indigenous Dance Performance Temporarily Halted at Women’s Asian Cup: Political Claims Surface

In Brief The Women’s Asian Cup has been accused of trying to…
Baby's finger tip 'severed' at Queensland early childhood centre

Tragic Incident: Baby’s Fingertip Severed at Queensland Early Childhood Centre Sparks Safety Concerns

An investigation is underway after a child’s finger tip was reportedly severed…
Ozempic wants more Aussies on weight-loss drug cheaply. Doctors disagree

Ozempic Seeks Broader Access to Affordable Weight-Loss Medication for Australians, Facing Resistance from Medical Professionals

Medical professionals are expressing concern over a Danish company’s proposal to make…
Dubai airport shut as Iran hits Gulf neighbours, keeps stranglehold on oil shipping

Dubai Airport Temporarily Closed Amid Regional Tensions and Oil Shipping Challenges

The early hours of Monday in Beirut were marked by a series…
A tropical low heading towards the Queensland coastline could develop into a tropical cyclone by the end of the week.

Category 4 Cyclone Narelle to Impact Queensland: Urgent Preparations Underway

Cyclone Narelle has been declared and is expected to hit Far North…
Interest Rates March 17 2026 VoxPops

Tomorrow’s Interest Rate Hike Sparks Widespread Concern and Budget Cuts

Australians are already struggling under the weight of rising costs, and today’s…