An Uber vehicle stops across the road from a taxi rank in Sydney, Monday, March 18, 2024. Global rideshare giant Uber will pay 272 million Australian dollars to settle a long-running dispute with Australian taxi and hire car drivers who lost out when the company entered the Australian market. n dollars to settle a long-running dispute with Australian taxi and hire car drivers who lost out when the company entered the Australian market.
Maurice Blackburn principal lawyer Michael Donelly said that drivers and car owners suffered financial losses due to Uber’s aggressive entry into the market in 2012 and that the company consistently attempted to avoid compensating them. An Uber statement described the complaints of the taxi industry as “legacy issues” and said rideshare regulations did not exist anywhere in the world when the company started more than a decade ago.
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