Industries involved in the live cattle trade have launched a class action against the Federal Government that will likely seek hundreds of millions of dollars in compensation.
The class action filed in the Federal Court on Monday will be open to anyone who suffered losses because of the Government's suspension of live cattle exports to Indonesia that occurred almost three-and-a-half years ago.
The industry said the suit, which will be fought by law firm Minter Ellison, was being launched after three years of trying unsuccessfully to negotiate its claim with the Federal Government.
Australia's largest cattle company, Australian Agricultural Company, has already put its damages from the live export ban at more than $50 million.
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