Original article by Michael Janda, Emilia Terzon
abc.net.au – Page: Online : 16-Sep-25

The ANZ Bank has agreed to a total financial penalty of $240m to settle a case brought by the Australian Securities & Investments Commission. The record fine includes an $85m penalty for the bank’s management of a $14bn government bond issuance in April 2023, and a $40m fine for overstating its bond trading turnover over a period of nearly two years. ANZ has also been fined $115m for widespread misconduct in its retail banking division; this includes failing to respond to hundreds of customer hardship notices, failing to refund fees to thousands of deceased customers, and making false and misleading statements regardings its savings interest rates. The penalty must be approved by the Federal Court.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, FEDERAL COURT OF AUSTRALIA