Jan 23 (Reuters) - Thorn Group Ltd TGA.AX :
* REACHED SETTLEMENT WITH AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION
* CIVIL PENALTY OF $2 MILLION WILL BE PAYABLE, SUBJECT TO FINAL DECISION OF FEDERAL COURT OF AUSTRALIA
* TAPL HAS OFFERED, AND ASIC HAS ACCEPTED, AN ENFORCEABLE UNDERTAKING
* TOTAL REMEDIATION WILL BE ABOUT $6.1 MILLION
* SETTLEMENT IN RESPECT OF HISTORIC BREACHES OF ITS RESPONSIBLE LENDING OBLIGATIONS IN ITS CONSUMER LEASING DIVISION