FLIGHT CENTRE AGENTS TO SAVE ON FEES

Written on the 10 April 2014

FLIGHT CENTRE AGENTS TO SAVE ON FEES FLIGHT Centre Travel Group (ASX:FLT) will join an Australian Federation of Travel Agents (AFTA) program, to save money for employees.

The voluntary AFTA Travel Accreditation Scheme (ATAS) will replace the Travel Compensation Fund (TCF).

Managing director Graham Turner says the new system is fairer and creates a level playing field in the industry.

“The reality is that the TCF placed an unfair financial burden on Australian travel agents, who were required to pay substantial fees annually, but at the same time it exempted airlines and overseas operators.

“TFC members were also forced to deal with significant administrative red tape and restrictions that, in FLT’s case, prevented the company from controlling its own balance sheet,” he says.

Turner says AFTA assesses applicants for quality control, based on business disciplines, solvency, training and compliance.

“This new system, which has been developed by the industry for the industry, addresses these issues and provides comfort to member agencies’ customers, as ATAS will use quality assessment criteria to assess participants.”

Supplier insolvency insurance is not compulsory under ATAS with Turner supporting the view, saying it would make it inconsistent for travel agents.

ATAS will start operating from July.

Latest News

ASF UNVEILS TRAFFIC PLANS FOR THE SPIT

A SECOND bridge over the Nerang River is the centrepiece of the ASF Consortium's plan to improve traffic flow ...

BHP AND VALE EDGE CLOSER TO $47.5 BILLION SAMARCO DAM DISASTER SETTLEMENT

BHP Billiton (ASX: BHP) and Brazilian mining company Vale have entered into a preliminary agreement with Brazilian fe...

BLK SPORT FOUNDER TYRON BRANT REMAINS CEO UNDER NEW OWNERS

BLK Sport has been purchased from receivers McGrathNicol by a private consortium composed of a TimorLeste-based oi...

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

Related News

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains m...

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institut...

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter