The Australian Competition and Consumer Commission (ACCC) had brought the case against Apple back in March, after the launch of the third-generation iPad.
ACCC has claimed that Apple misled consumers in the nation by advertising the iPad's 4G compatibility despite knowing that Australian tablet fans could not actually use the LTE networks.
Pending a final approval, the settlement is for $2.25 million with Apple also expected to pay all court costs as well, which are over $300,000.
Previously, Apple announced it would give full refunds to any customer who felt misled by the advertising. On its website, the company updated the LTE notes: "The iPad with Wi-Fi + 4G model can roam worldwide on fast GSM/UMTS networks, including HSPA, HSPA+, and DC-HSDPA. When you travel internationally, you can use a micro-SIM card from a local carrier. You can also connect to the 4G LTE networks of AT&T in the U.S. and Bell, Rogers, and Telus in Canada."
Written by: Andre Yoskowitz @ 8 Jun 2012 12:53