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BRIEF-Flight Centre Travel says wins appeal in ACCC test case

Published 31/07/2015, 09:58 am
© Reuters.  BRIEF-Flight Centre Travel says wins appeal in ACCC test case
FLT
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July 31 (Reuters) - Flight Centre Travel Group Ltd FLT.AX :

* Flight Centre wins appeal in accc test case FLT.AX

* Says won its appeal in the long running competition law test case initiated against it by the accc

* Says in addition, the accc has been ordered to pay flt's legal costs for both the initial case and for the subsequent appeal

* Full court of federal court of Australia overturned judgement that handed

down against flt in December 2013 in relation to breaches of trade practices act 1974

* Judgement in flt's favour means the $11 million, plus interest, will now be repaid to co and included in its financial results for 2015/16

* Says accc has been ordered to pay flt's legal costs for both the initial case and for the subsequent appeal

* Source text for Eikon ID:nASXTmcGf

*

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