Documents released by the Federal Court on Wednesday show that $92.5 million will be paid to residents of Katherine in the Northern Territory.
A further $86 million will be given to the community of Williamtown in NSW and $34 million will flow to residents of Oakey on Queensland's Darling Downs.
However,the settlement sum is likely to represent the tip of the iceberg,with at least 90 contaminated sites nationally. Class action lawyers are currently investigating the possibility of legal action at a further 24 military bases across the country.
The settlement only covered economic losses suffered by the claimants and has left the door open to a future personal injury action against the federal government.
The Sydney Morning Heraldrevealed last week that the chances of such a lawsuit eventuating have been bolstered after the Federal Court's independent scientific umpire ruled there was"good evidence"the PFAS chemicals potentially cause harmful health effects,including cancer.
For years,health authorities in Australia have denied any link between the chemicals and health effects.
However PFAS is a growing global environmental issue and Australia's position on the health effects has been contrary to other leading international health authorities.