Frequently asked questions for Westpac shareholders.
Rewarding our shareholders
Since 1998, Westpac has operated a package of benefits to reward shareholders for their support. At the same time the package allows us to deepen the financial relationship with our owners.
The package, last revised in June 2008, has been developed with the specific needs of investors in mind, offering savings on loans, investments and wealth products, as well as savings on everyday banking.
The package also allows the partner and/or children of eligible shareholders to share in the benefits, by providing them access to discounted establishment fees on selected property loans.
Eligible shareholders should have their Shareholders Benefits card handy when accessing any of the many benefits they are entitled to. For more information call the Shareholders Benefits Package line on 1300 360 599 any time.
Shareholders resident in Australia are entitled to savings on many of our products and services if they have 500 shares or more. Read on for details of the range of benefits shareholders can take advantage of.
New Zealand resident shareholders receive offers twice yearly, in July and December, from Westpac New Zealand.
Bank Accounts
Download the Shareholder Benefits Package brochure - June 2008 (PDF 259kb)
General advice on this website has been prepared without taking into account your objectives, financial situation or needs. Before acting on the advice, consider its appropriateness. Consider our disclosure documents, which include Product Disclosure Statements (PDS) for some products. The PDS is relevant when deciding whether to acquire or hold a product. View our Australian Prudential Regulation Authority Registrable Superannuation Entity (RSE) Licence & Registration numbers.
By accessing and viewing this website you agree to be bound by the Terms and Conditions of this website.
Things you should know: When taking up the Package and its additional benefits, you must inform the Bank that you are eligible for the benefits and that you wish to apply for one or more of them. You may be required to present or show proof of your Shareholder Benefits Card. Westpac is unable to automatically identify shareholders and provide them with benefits.
The information in this brochure is current as at 1 June 2008, is factual only and does not constitute financial product advice. Before acting on this information you should seek independent financial and taxation advice to determine its appropriateness to your objectives, financial situation and needs. You should also obtain and consider Westpac Banking Corporation's Financial Services Guide and Product Disclosure Statements (PDSs) for the Westpac products and services referred to in this brochure – which may be obtained by calling 132 032, visiting the Product Disclosure page on the Westpac website or visiting any of our branches
Fees and charges apply to all products mentioned. Full details of all terms and conditions are available on request. These may be varied or new terms and conditions introduced in the future. Westpac reserves the right to withdraw the Shareholders Benefits Package or vary eligibility criteria and benefits at its discretion. The benefits are not available in conjunction with any discounts, special offers, negotiated rates or other packages offered by Westpac or its subsidiaries, including the Westpac Employee Advantage benefits package.
1. This saving only applies to one Westpac Choice account. The saving applies to account balances of less than $3,000 as the monthly account service fee is normally waived for any calendar month the account minimum balance is $3,000 or more. Other fees and charges may apply.
2. Altitude comes with the Altitude American Express® Card and the Altitude MasterCard® Card. The earning and redemption of Altitude points (including available rewards and expiry) is subject to the Altitude Terms and Conditions. Benefits apply to any new Altitude card, Altitude Gold card, Altitude Platinum card, Altitude Business Limited Edition card and Altitude Business Limited Edition Gold card. Only one points benefit can be applied per card account. A benefit can also be applied to a card if the eligible shareholder is the holder of an additional card on any new Altitude card, Altitude Gold card, Altitude Platinum card, Altitude Business Limited card and Altitude Business Limited Gold card account.
3. The bonus Altitude points will be added to your account within eight weeks of when you first use your new card. The number of points is subject to periodic review.
4. Westpac's normal lending criteria apply to all of the lending products referred to in this brochure.
5. Premium Option Home Loans with 1 Year Guaranteed rate, First Option Home Loans, Bridging Loans, Investment Loans with 1 Guaranteed rate, First Option Investment Property Loans, Low Doc loans and 100% LVR Loan Options are excluded from the establishment fee discount benefit. Not available to non–resident shareholders.
6. To access the benefit for your spouse (or de facto spouse) and your children, their relationship to you must be confirmed at a Westpac branch. For details on how to do this, if you cannot attend in person, call 1300 360 599.
7. Home and Contents Insurance is issued by Westpac General Insurance Limited ABN 99 003 719 319 (WGIL) and distributed by Westpac Banking Corporation ABN 33 007 457 141 (the Bank). This policy is subject to conditions, limits and exclusions on cover, which are explained in the policy wording. The policy is not an investment in or deposit with the Bank. No Westpac Group company (other than the Bank as policy distributor and WGIL) has any liability in connection with the policy or this brochure. The Bank does not guarantee payments under the policy. In some States if you select Quality Care or Premier Care Contents, the Domestic Workers Compensation cover is issued and guaranteed only by Allianz Australia Insurance Limited ABN 15 000 122 850. You should consider the PDS and FSG before making any decision in relation to Home and Contents Insurance.
8. Westpac Financial Planners are not qualified to give tax advice. Your individual situation may differ and you should seek independent professional tax advice on any taxation matters. Westpac Financial Planners are representatives of Westpac Banking Corporation, AFSL No. 233714.
9. Applicable charges for plan preparation and implementation must be paid before a $150 cheque claim will be authorised by your planner.
10. Payment of the Cash Bonus will be made into a nominated Westpac account belonging to the BT Super for Life account holder. Only one Cash Bonus payment applies per customer and can only be claimed under one package. BT reserves the right to withdraw or vary eligibility criteria and benefits at any time. BT Super for Life is issued by BT Funds Management Limited ABN 63 002 916 458, AFSL 233724, which is a member of the Westpac Group. An investment in BT Super for Life is not a deposit with, or any other liability of, Westpac Banking Corporation or any other company in the Westpac Group of companies. It is subject to investment risk, including possible delays in repayment or loss of income and principal invested. None of Westpac Banking Corporation or any of its related entities stands behind or otherwise guarantees the capital value or investment performance of BT Super for Life. Before deciding to invest in this product you should make sure you have read and understand the 'Things you should know' section above. If you are still in doubt or have any questions regarding our offering and your superannuation you should consult a licensed or appropriately authorised financial adviser.
11. The earning and redemption of Altitude points (including available rewards and expiry of points) is subject to the Altitude Terms and Conditions, available at altituderewards.com.au. Altitude points are not earned on cash advances.
12. Margin loans may maximise losses as well as benefits. The Bank or BT Margin Lending representatives do not make any recommendations as to whether you should or should not act on this information and encourage you to speak with your Financial Advisor before making any decision. You should read BT Margin Lending documents and information available by visiting www.bt.com.au or calling 1800 816 222.
13. The access to Premium Research under this offer terminates on 30 June 2009, regardless of when you commenced access.
14. Under this service, you cannot sell shares that you have registered with another broker.
American Express® is a Registered Trademark of American Express Company. MasterCard® and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated.
Copyright © 2008 Westpac Banking Corporation ABN 33 007 457 141