6-K

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 29, 2020

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 ¨

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): ¨

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): ¨

Index to Exhibits

Exhibit No.	Description
1	ASX Release – Westpac reaches agreement to settle both US BBSW Class Action and Rosen Law Firm US Class Action

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 29, 2020
	By:	/s/ Yvette Adiguzel
		Yvette Adiguzel
		Tier One Attorney

EX-1

Exhibit 1                             

 

ASX Release   Level 18, 275 Kent Street Sydney, NSW, 2000

29 OCTOBER 2020

WESTPAC REACHES AGREEMENT TO SETTLE BOTH US BBSW CLASS ACTION AND ROSEN LAW FIRM US CLASS ACTION

US BBSW Class Action

Westpac Group announced today it has entered into an agreement with the Plaintiffs to settle the US BBSW class action. This class action was filed in August 2016 in the US District Court for the Southern District of New York, in relation to trading activity in the Australian bank bill swap reference rate (BBSW) market. Settlement is subject to negotiation and execution of complete settlement papers and Court approval.

Westpac has previously raised a provision in relation to this matter in the 2020 financial year. The terms of the settlement are currently confidential.

US Rosen Law Firm Class Action

Westpac Group announced today it has entered into a settlement agreement with the Plaintiffs to settle this claim which was filed in January 2020 in the US District Court for the District of Oregon in relation to market disclosure issues connected to Westpac’s financial crime obligations over the period 11 November 2015 to 19 November 2019. Settlement is subject to Court approval.

The settlement is not material and resolves all claims against the defendants without any admission of liability.

For further information:

David Lording	Andrew Bowden
Group Head of Media Relations	Head of Investor Relations
0419 683 411	0438 284 863

This document has been authorised for release by Tim Hartin, General Manager & Company Secretary.