Westpac Archives - The Industry Spread

Court Orders Penalties and Other Relief Against Westpac for BBSW Conduct

November 13, 2018

The Federal Court of Australia today ordered Westpac Banking Corporation (Westpac) pay a pecuniary penalty of $3.3 million for contravening s12CC of the Australian Securities and Investments Commission Act 2001 (Cth) (ASIC Act) through its involvement in setting BBSW in 2010.