FLT 0.12% $17.00 flight centre travel group limited

News: FLT Flight Centre Travel updates on competition law test case initiated by ACCC

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    Dec 14 (Reuters) - Flight Centre Travel Group Ltd (FLT)

    • Flight centre updates market on competiton law test case
    • High Court of Australia overturned unanimous full federal court judgement that was delivered in FLT's favour in july 2015
    • High court's majority decision establishes new law on application of competition law to agents
    • FLT and ACCC will return to full Federal Court next year for an appeal about whether original $11 million penalty was excessive or inadequate
    • High court did not award ACCC its costs for full Federal Court or High Court hearings
    • Does not currently believe there are any further implications for business from the judgement
 
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