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.