Media releases

Items affecting Westpac’s Second Half 2020 results and details of changes to divisions

26 October 2020

Westpac today announced that its cash earnings in 2H20 will be reduced by $1,220m (after tax) arising from notable items. Statutory net profit will also be reduced by these items. The notable items include new items of $816m (after tax), combined with the previously announced additional $404m provision (after tax) for AUSTRAC matters.

Items affecting Westpac’s Second Half 2020 results and details of changes to divisions (PDF 204KB)