Westpac has announced that it has reached agreement with ASIC to resolve six separate longstanding matters through agreed civil penalty proceedings filed in the Federal Court of Australia. The issues have all been previously disclosed and are summarised in the table below. These matters follow regulatory investigations conducted by ASIC, many instigated following the issues being self-reported by Westpac, including some which were raised during the Royal Commission. The majority of affected customers have been compensated, and any remaining payments will be completed as quickly as possible. Westpac and ASIC will jointly submit agreed proposed penalties for each of the proceedings, totalling $113 million. These penalties are subject to court approval and have been substantially provisioned (together with anticipated legal costs) in Westpac?s Full Year 2021 results. Westpac and ASIC have also prepared Statements of Agreed Facts for each matter. Westpac will continue to work cooperatively with ASIC to resolve the proceedings as quickly as possible.