We believe we have a responsibility to support the democratic process and make sure governments are well informed of our activities. We are therefore committed to ensuring that any political donations we make are:
- Solely for the purpose of supporting the democratic process
- Lawful and properly recorded in our accounts
- Adequately disclosed in accordance with relevant electoral laws
- Not made where there can be any misrepresentation of their purpose.
All donations to political parties and related entities, regardless of the size of those donations, are reported in the director's report within the concise annual report, to the Australian Electoral Commission, and the various states in accordance with the law.
Westpac participates in industry consultation with various government bodies on a range of issues pertaining to our business. Westpac is a member of relevant industry associations including Australian Bankers Association (ABA), Investments and Financial Service Associations (IFSA), Financial Planning Association (FPA), Australia Financial Markets Association (AFMA).