According to the leaked figures, Naval Group would receive a 90 million euro exit fee if the company completed the basic design, but the Defence Department then decided not to proceed further .
Shadow Defence Minister Andrew Hastie has questioned the Albanese government's high compensation settlement, claiming the Morrison government had been "aiming for a significantly lower figure" before it lost office.Independent Senator Rex Patrick, a former submariner, also believed the French company had secured a far-too-generous final compensation figure.
Former defence department official and leading military analyst Andrew Davies said the $830 million compensation figure seemed "reasonable enough at first look". "That's not unusual for a big contract and reflects the opportunity cost to the contractor of the resources tied up in the work."The other component is likely to be a combination of reimbursement for expenses incurred in the work to date and preparation for follow-on work."
ScottMorrisonMP’s backflip to sidle with the US wastes almost 1 billion dollars. You fucking what?!
Can we never buy anymore European systems ever again? Every single one has been a disaster
…Albo giving away more of Australia’s money.
There's no debate your just helping the libs spin sht!! Before the election it was going to cost 5.5 billion now its 3.5 billion + 830 million so it's less then what the libs were going to pay!! Anyone who sez it was to much is is either a complete idiot or a liberal stooge
When will the French repay us for saving them from speaking German.
Yeah.. Blame the guy trying to fix the fiasco not the guy that caused it. MediaRoyalCommission
If they are going to give France $830 million $$$$ why give it for free why not get $830 million $$$$ worth of submarines in return ? At least they are new and come with warranty regardless at least they would be better than nothing don’t give the money away for nothing fools
Using a quote from Senator Patrick as your clickbait headline is a new low for
There's nothing to celebrate FFS. unless celebrating stupidity & corruption is a thing now.
Isn't that significantly less then what the coalition was tipped to have to pay.
The ABC are getting as bad as the mainstream commercial media …..
Cheap at the price to be free of those inferior, obsolete sardine cans.
Disappointed to see hard earned Tax payers money is been waisted. High cost of living creating stress and health affects in life. High tax and lucrative tax on superannuation and over budget govt projects driving life miserable.
Yep, the crap the previous Govt has left the new one to clean up! Dam you SLOMO!
MRH90 Helicopters should be a added to the bill. Guess Defence may be looking at some major shortfalls next budget? 🤦♂️🤦♂️
you and your headlines 😂 you don’t seem to care that the inaccuracies in your messages make you all look like fools, not just the author of the piece.
'As a government, you're not spending it [tax] that well that we should be donating extra.' How Mr. Packer's words STILL ring true today... ReduceTaxesNow auspolitics
Why is this the headline ?
It's not about the money, it's about getting Australia's reputation back on track to prove our new government can be trusted, but cutting $5.5 BILLION down to only $830 MILLION isn't bad either.
Pleurant dans mon Bollinger ce qui aurait pu être si le LNP en Australie avait remporté l'élection
Albo just saved us billions of dollars and mended a fractured relationship with an important ally. Take your framing and stick it
This never would have happened under a morrison government.
Working out what this picture was took too much energy! So the rest of it was TL;DR
One would think that they would be crying 😢 into their empty flutes, not popping more Bollinger given the previous LNP mob were contemplating a $5.5B compensation payout (presumably calculated by Joshie tho)
Get stuffed ABC
Stay in your lane, ABC, and just report the news, you are embarrassing
Last year I bought no submarines and it didn’t cost me anywhere near 830 million.
Sacre bleu
Yeah. Righto 🙄. “Shadow Defence Minister Andrew Hastie has questioned the Albanese government's high compensation settlement, claiming the Morrison government had been 'aiming for a significantly lower figure' before it lost office”.
Another deceptive headline from the ABC, the LNP told senate estimates they would have to pay $5.5 billion, Labor have saved Australia $2.1 billion. France were never going to do a deal with Morrison Macron wouldn’t even speak to him. So Hastie is lying to the public again.
Sounds like money laundering again.
$830 million sorry gift 🎁
Mr Andrew Hastie might want to explain why the Liberal Party should not pay the compensation sum back in installments, with interest, to the Australian Commonwealth. Same conditions as a robodebt.
Must have been like that when Chairman Dan cancelled the East West link project for $1.5 billion, but with twice as much champagne.
Who negotiated that settlement? We need to know so we can ban them from ever negotiating on our behalf again. Was it the same team that negotiated the $1.3 billion Victorian taxpayers for the East West contract that “wasn’t worth the paper it was written on?”DanielAndrewsMP
Plus the 4.5 billion already spent. = 5.33 billion. We could have just spent a bit more and got one at 7.5 billion.
FFS what sort of healing is that? Where is the 'morrison govts incompetence cost tax oayers another $830m' headline?
I urge everyone to minimise their tax and wherever possible don’t pay any at all ! We are one of the highest taxed countries in the world and consecutive governments have done nothing but wasted and squandered it !
Seriously do better.
That’s our politicians, no responsibility for their actions
Labor, so good at spending other people's money.
In 1940s Australia sent it’s young men to war in New Guinea under trained & under equipped. They made up for this in pure courage and unfortunately in higher casualties and deaths. Australia was woefully ill prepared for the Second World War. Changing submarines is a good move!
The decision makers should be forced to compensate the public with their own funds
It's worth remembering that Australia also incurred a substantial cost to its international reputation thanks to ScottMorrisonMP and his cronies.
Nice unbiased headline. JFC 🤦♂️
Keep celebrating nothing while China has nearly completed their latest aircraft carrier.
The DuttonClass submarines. A project f**ed from start to finish by the Morrison Govt. PeterDutton_MP as MinDef held the bolt to the head and left the funeral costs of 3.6bn to the Australian people.
Who can afford champagne?
Nobody cares what the opposition or so-called 'defence experts' have got to say about the deal at this point. Why are you giving them any oxygen whatsoever. They had their time in government to handle the deal properly. They didn't.
The headline is so very wrong ..no one has seen the details of exit fees, costings of compensation for whole communities and businesses both in France and Australia except ALP and you choose someone who is looking from the outside in ..saying it was overcompensated. Ask ALP!
Why didn’t they continue with the contract? Then the 5billion would not have been wasted. Has anyone asked?
‘The figure has been questioned by the opposition’
Yep. $830m compensation to the French after Morrisons' sneaky AUKUS deal corresponded by a measly txt message to Macron? Justified. We need France on our side..they have democratic impacts in the Pacific regions as well. Welcome back France
So the coalition signed a contract, changed their mind,reneged on a contract & then claim it was all cool.
Think of how many bike lanes cityofmelbourne could have built for that money!
The new Australian Labor government is not good at negotiating and the French government are nothing but pirates 😳
Or 'fair and equitable' and guess which one they went with
You’re kidding, they have been getting paid for nothing for 10 years.
Labor inherited a shit sandwich. Important to repair the diplomatic damage and move forward.
Looks like we got played, that sort of money would have been handy for the homeless and disadvantaged. Well done Scomo!!!!!!!! We will be dead before we get any subs, UK and US love scamming us as well!
Small price to pay in the scheme of things for a vastly superior sub and the multitude of other benefits Australia derives from AUKUS. Providing Labor doesn't stuff it up of course.
Our very own apology tour. Now the world won't see us as a soft power influencer, they will see us as soft and know that we're easy to scam
Bold move, making a statement like this with a straight face.
What exactly did Australia get from the French? In terms of value of the first deal struck?
Should have paid the Frogs a $1 a year!
That’s an expensive butt plug
Fuck the ABC writes shit.