28 August 2017
TO: ASX Limited
Singapore Exchange Securities Trading Limited
Court Approves the Settlement of Mickleham Road Bushfire Class Action
Today, Justice Emerton handed down judgment in the Supreme Court of Victoria to formally approve the settlement deed agreed by the parties to the Mickleham Road Bushfire Class Action in February 2017.
Under the terms of the settlement, the defendants involved in the litigation will pay $16 million inclusive of legal costs and interest, with contributions made in the following proportions:
Hume City Council - $6m
Homewood Consulting - $5m
AusNet Services - $5m
The settlement was reached without admission of liability by AusNet Services or any other party.
AusNet Services' liability insurers will pay all of AusNet Services' contribution and any outstanding legal costs.
Claire HamiltonCompany Secretary
AusNet Services Ltd. published this content on 28 August 2017 and is solely responsible for the information contained herein.
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