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POWER company AusNet Services on Tuesday said that it has agreed to a settlement of a class action relating to the 2014 Mickleham Road bushfire for a total of A$5 million (S$5.4 million).
The settlement, which is subject to court approval, amounts to a total of A$16 million.
Besides AusNet's A$5 million, the Home City Council will bear A$6 million and Homewood Consulting the remaining A$5 million.
The settlement sum is inclusive of legal costs and interest.
In a filing to the Singapore Exchange, AusNet maintains that there was no negligence on its part and that the settlement is without admission of liability by the group or any other party.
AusNet's liability insurers will pay all of AusNet's contribution and any outstanding legal costs.