Westpac’s profits relevant, judge says in imposing $3M fees-for-no-service penalty
Alexandra Folie 2021-07-22 9:35 pm By Christine Caulfield | Melbourne
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Westpac has been ordered to pay $3 million after two subsidiaries admitted misleading hundreds of superannuation customers about the financial adviser fees they were charged, a penalty that took into account the Big Four bank’s massive profits.

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