Potential payouts for up to 300,000 Australian Facebook users in Cambridge Analytica settlement

Office of the Australian Information Commissioner announces deal with Meta over scandal that may have affected 300,000 users

• Follow our Australia news live blog for latest updates
• Get our breaking news email, free app or daily news podcast

Potentially hundreds of thousands of people who had their Facebook data harvested as part of the Cambridge Analytica scandal could be compensated, after Meta agreed to an A$50m settlement with Australia's privacy regulator.

The settlement, announced by the Office of the Australian Information Commissioner (OAIC) on Tuesday, follows a four-year legal battle against Meta over the scandal, and two years since a US$725m legal settlement was reached in the United States.

Sign up for Guardian Australia's breaking news email