Economist Saul Eslake says Victoria's fines for COVID-19 breaches have exceeded countries such as Russia and need to be pulled back or replaced with other means of deterring unsafe practices.
Speaking at the Melbourne Economic Forum on Thursday, where the longer-term impacts of COVID-19 restrictions are being used to forecast the economic recovery, Mr Eslake said the penalties should be wound back.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com