Aukus pact: Australia pays $830m penalty for ditching non-nuclear French submarines

Anthony Albanese pledges to reset Australia's strained relationship with France after settling cancelled contract with Naval Group

• Follow our Australia news live blog for the latest updates
• Get our free news app; get our morning email briefing

The Australian government has agreed to pay 550m (A$830m) in a settlement with Naval Group over the former Morrison government's controversial decision to scrap the French attack class submarine project.

The prime minister, Anthony Albanese, announced on Saturday the confidential settlement would draw a line under the cancelled $90bn project. Labor gave bipartisan support to the Aukus partnership that replaced the project - under which the US and the UK have offered to help Australia to acquire at least eight nuclear-propelled submarines and cooperate on other advanced technologies.

Sign up to receive an email with the top stories from Guardian Australia every morning