Australia to compensate Naval Group $830 million

Prime Minister Anthony Albanese says Australia will pay French Naval Group $830 million – which will “rule a line under the contract”.

“This is a fair and an equitable settlement which has been reached,” he said.

“It follows as well discussions I’ve had with President Macron and I thank him for those discussions and the cordial way we are re-establishing a better relationship between Australia and France.”

Mr Albanese said the cost of the failed plan to build French submarines to $3.4 billion.

[midnorthmidwest]

830 million to buy a friend. This is just the start of his rot

[Hopium]

Australia last once again. He's already surpassed scomo in terms of awfulness.

[chairmandan]

The French didn't meet their contractual obligations yet we pay them?, go figure?

[タコの王]

"Move forward with our relationship with have no alliance with France, and after what they said why would you?

[scottcurtis]

To be clear this was a TURNBALL AND PYNE disaster.

[Fullautotech]

Don't trip over your driptray Bilbo.

[Garfield-lm]

The French delivered nothing, so its not hard to tell who screwed who.

[JustTwisten]

Tax payers ought to be able to sue the government for mismanagement and malfeasance. Tax paying australians have been subjected to financial carnage for 20 years by state and federal ALP and LNP. We must have recourse as tax paying citizens

[TheRealBobSmith.]

No conviction mate i can see right through you.

[brettchristoffel]

Way to flush $830 000 000 down the dunny. This what we can expect from labour all the way down the line, throwing good money after bad.

[tomjones]

Labor putting Australia last no compensation for struggling small family businesses

[positivepawpaw]

The deal was first announced in 2016. A pre-design review was delayed in 2018 because the "work provided to Defence by Naval Group did not meet Defence's requirements", the Australian audit said, citing lack of design detail, operational requirements and 63 studies not completed. The contract between Australia and Naval Group, majority owned by the French government, was signed 16 months late in February 2019. It included contractual off-ramps in which Australia could pay to exit the project, and established "control gates" whereby Naval Group must meet criteria before progressing to the next phase. The defence department considered these "hold points" for assessing the project's risk, the Auditor-General said. In September 2019, with A$446 million ($325 million) already spent in France, the defence department told the auditor it had examined extending the life of Australia's Collins-class submarine fleet "and the time this would allow to develop a new acquisition strategy". The 2020 Auditor-General's report examining the submarine deal - the Department of Defence's biggest ever - found the department had been "frank and timely" in communicating concerns with Naval Group.

[positivepawpaw]

did somebody say 'kick back'

[Prognosis__]

Who thought a converted nuclear to diesel powered submarine will be a good idea?

[gusman]

The contracts had already run late and huge overblown budgets was paid in the billions to them ... so why are Australian taxpayers giving more to those people who failed their business contracts to Australia 🤔

[rogerthat]

The French couldn't believe their good fortune when they correctly read Turnbull as a goose to be cooked. Never give a sucker an even break 😂

[Delete_The_Elite]

So albo are you going to start governing the country or are you just going to keep running off overseas stiching up you're deputy PM and avoiding the domestic problems...?

[zhaowei]

Labor wasted $830;million taxpayers dollars and blame LNP ? Really ?

[jonathansimmons]

Shoulda done a deal with the uk-
As soon as the deal with france was announced i shouted at the TV " FAIL!!!- NO!"
~ WHY?-
because i lived in france for 18 years and worked in french aerospace for some of that time and hi tech manufacturing..
*AUSTRALIA SHOULD HAVE GONE WITH THE UK OFF THE BAT*

[daveo]

Well done Public Menace AnAl. That will push the nation debt to 2 trillion, and it took you about a month to achieve. You should be proud.