Westpac Banking Corporation: Fair Work Ombudsman enforceable undertaking

enforceable undertaking14 Nov 2025

Respondent

Westpac Banking Corporation

Facts

Westpac self-reported underpayments across multiple enterprise agreements from 2014 to 2025, caused by system, governance and oversight failures (leave/TOIL deductions, part-time hours, super, classification). The EU locks in an independent audit and governance measures.

Outcome

Fair Work Ombudsman accepted an enforceable undertaking (14 November 2025). Terms include: Back-paid >$50.26M plus ~ $9M interest/super to ~47,000 staff; $800,000 contrition payment; independent compliance audit reported to FWO; board reporting, employee concerns channel, FSU consultation, mandatory training. An undertaking is not a finding or admission of a contravention unless the regulator says the party admitted it.

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Read the source

https://www.fairwork.gov.au/newsroom/media-releases/2025-media-releases/november-2025/20251114-westpac-eu-media-release

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