UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

October 28, 2019

 

Commission File Number 1-10167

 

WESTPAC BANKING CORPORATION

(Translation of registrant’s name into English)

 

275 KENT STREET, SYDNEY, NEW SOUTH WALES 2000, AUSTRALIA

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F             x                         Form 40-F             o

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

 

 

 


 

Index to Exhibits

 

Exhibit
No.

 

Description

1

 

ASX Release — Westpac acknowledges financial product advice ruling

 

2


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

WESTPAC BANKING CORPORATION

 

(Registrant)

 

 

Date: October 28, 2019

By:

/s/ Yvette Adiguzel

 

 

Yvette Adiguzel

 

 

Tier 1 Attorney

 

3


Exhibit 1

 

 

ASX

Release

 

 

 

28 OCTOBER 2019

 

WESTPAC ACKNOWLEDGES FINANCIAL PRODUCT ADVICE RULING

 

Westpac acknowledges today’s judgment by the Full Federal Court in relation to the provision of financial product advice, in which the Court allowed ASIC’s appeal and dismissed Westpac’s cross-appeal.

 

This decision relates to a test case brought by ASIC against Westpac Securities Administration Limited and BT Funds Management Limited in relation to calls to 15 customers concerning the rollover of their superannuation accounts. In these proceedings, ASIC alleged that Westpac had provided “personal advice” and in doing so had breached certain provisions of the Corporations Act.

 

Westpac is carefully considering the judgment.

 

 

For further information:

 

David Lording

Andrew Bowden

Media Relations

Investor Relations

0419 683 411

02 8253 4008