ASIC is suing Westpac over alleged policy breaches, including charging fees to the dead – and it’s seeking $113m in penalties
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ASIC is suing Westpac over alleged policy breaches, including charging fees to the dead – and it’s seeking $113m in penalties

  • Australia's corporate watchdog is suing Westpac over six major alleged policy breaches.
  • The Big Four bank and its entities allegedly charged fees to deceased estates, among other claims.
  • For those breaches, which Westpac has admitted, ASIC is seeking civil penalties of $113 million.
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