Federal Court orders Westpac to pay $26 million penalty for hardship failures

26-107MR

civil penalty27 May 2026Penalty $26.00M

Respondent

Westpac Banking Corporation

Facts

Westpac Banking Corporation (Westpac) has been ordered to pay $26 million in civil penalties for failing to respond to customers who were facing financial hardship.

Outcome

ASIC civil penalty of $26,000,000 — Westpac Banking Corporation (2026-05-27). See the ASIC source for the full terms.

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Read the source

https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2026-releases/26-107mr-federal-court-orders-westpac-to-pay-26-million-penalty-for-hardship-failures

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