Hundreds of survivors of the 2009 Australian Black Saturday bushfires, in which 40 people were killed, have won a $225 million settlement.
Power group AusNet reached the settlement amount with the victims and announced it Friday, Xinhua reported.
The bushfires that had occurred Feb 7 (Saturday), 2009 near an unused sawmill in Victoria state's Murrindindi area soon turned an out-of-control inferno that raced through the Toolangi State Forest.
An abrupt wind change shifted the bushfire towards Marysville town, north of Melbourne. It eventually destroyed the town and left 40 people dead.
The settlement was announced Friday, an hour before a class action ran on behalf of the Marysville victims was to begin in the Victoria Supreme Court.
It was alleged that the fire was sparked by a break in an electrical conductor on a power pole near the Murrindindi sawmill. The company denied its power poles were to blame.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
