March 16 (Reuters) - Tabcorp Holdings Ltd TAH.AX
* Federal court approves Austrac settlement
* Federal court has approved that settlement, under which Tabcorp will pay a penalty of $45.0 million (plus Austrac's legal costs on an agreed basis)
* Tabcorp will recognise an expense in respect of penalty amount in its financial statements for year ending 30 june 2017
* This expense will be treated as a significant item
* FY17 dividend target remains greater of 90 pct of NPAT before significant items and amortisation of Victorian wagering and betting licence or 24 cents per share Source text for Eikon: ID:nASX9RH611 Further company coverage: TAH.AX