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BRIEF-Tabcorp to pay A$45.0 mln in penalty as Federal court approves Austrac settlement
March 16, 2017 / 6:29 AM / 7 months ago

BRIEF-Tabcorp to pay A$45.0 mln in penalty as Federal court approves Austrac settlement

March 16 (Reuters) - Tabcorp Holdings Ltd

* 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: Further company coverage:

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