Uber has agreed to pay AUS$271,8 million (US$178 million) to settle a lawsuit brought forward by Australian taxi operators and drivers.

It will compensate more than 8,000 drivers who say they lost income after the US ride-hailing firm moved into the country.

The class action suit was filed in 2019 by Maurice Blackburn Lawyers, in the Supreme Court of Victoria state, which accused Uber of breaking laws requiring taxis and hire cars to be licensed.

On the ruling, Maurice Blackburn Lawyers Principal Michael Donelly said in a statement: “Uber has been held to account for its actions.”

Uber had said it never knowingly broke the law, Reuters reports.

The proposed settlement for the class action is awaiting approval by the supreme court, which is expected to in April this year.

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