Australia won't hand $5B back to Timor

Australia will not compensate East Timor for an alleged $5 billion in gas revenue it collected during a previous treaty signed after it spied on the country by bugging its offices.

Australian and East Timor signed a new maritime boundary treaty in Dili on Friday giving the latter a far greater share of gas royalties.

Australian Prime Minister Scott Morrison said at a press conference the new deal would not include past revenue, despite Australia being forced to renegotiate when it was exposed as having bugged East Timor cabinet meetings.