Victoria to Pay $380M to Commonwealth Games for Cancelled Event

Victorian Treasurer Tim Pallas (L) and Victorian Premier Daniel Andrews (R) arrive to speak during a press conference in Melbourne, Australia on Aug. 19, 2023. AAP Image/Joel Carrett

The Victorian government has agreed to pay Commonwealth Games bodies $380 million in compensation after cancelling the 2026 event.

Premier Daniel Andrews made the shock announcement last month that Victoria would not host the Games as planned due to concerns they would far exceed initial cost expectations.