On Friday, the Full Court of the Federal Court of Australia unanimously allowed the appeal by Flight Centre against the finding that it had attempted to induce a contravention of the price fixing provisions of the Trade Practices Act 1974, and determined that the order for Flight Centre to pay pecuniary penalties of $11 million be set aside.

As a consequence, the Full Court also dismissed the cross-appeal by the Australian Competition and Consumer Commission in relation to the size of the penalty originally ordered by the Federal Court.

Read more about the judgment here.