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News: ISU iSelect Confirms ‍Reached Settlement Agreement With ACCC​

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    08/10/20
    12:00
    Post #: 47939405

    Oct 8 (Reuters) - iSelect Ltd (ISU) :

    • ISELECT CONFIRMS HAS REACHED A SETTLEMENT AGREEMENT WITH ACCC IN RELATION TO DISCLOSURES PREVIOUSLY MADE ON ITS ENERGY COMPARISON SERVICE
    • COURT ORDERED THAT ACCC'S PROCEEDINGS AGAINST ISELECT BE OTHERWISE DISMISSED
    • NO INJUNCTION HAS BEEN ORDERED AGAINST ISELECT
    • PENALTY WILL INCLUDE $1.9 MILLION IN H1FY21, WITH REMAINDER SPREAD OVER FOLLOWING 3 YEARS

    Source text https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02291475

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