Skip to main content Skip to main navigation
Skip to access and inclusion page Skip to search input

Corporate Online Terms and Conditions update - 28 March 2022

The following changes have been made to the Corporate Online Terms and Conditions effective from Monday, 28 March 2022.

Please contact your Westpac representative if you require further details.

Changes to the Corporate Online Terms and Conditions

Clause Effect of change
Clause 15.9

Clause 15.9 under the previous title ‘Anti-Money Laundering, Counter-Terrorism Financing and Economic and Trade Sanctions Obligations’ has been updated including:
 

1. to explain that Westpac may delay or refuse or block access to Corporate Online including on the following grounds: 

  • a transaction involves a payment to, from or through a Sanctioned Jurisdiction; 
  • an account and/or Corporate Online is being used fraudulently or in a way that might cause a loss; and
  • Corporate Online is being used or accessed in a Sanctioned Jurisdiction; and that Westpac may take the above measures for as long as Westpac reasonably needs to investigate the transactions and/or use of Corporate Online; and
     

2. to provide that a Corporate Online user will undertake not to initiate, engage in or effect a transaction that involves a payment to, from or through a Sanctioned Jurisdiction, and not to access or use Corporate Online in a Sanctioned Jurisdiction. Corporate Online users will indemnify Westpac against potential losses for breach of these undertakings.

Clause 16 We have added a definition of ‘Sanctioned Jurisdiction’ in clause 16 titled ‘Definitions’.

 

Corporate Online Terms and Conditions

Corporate Online Terms and Conditions (PDF 280KB) effective from Monday, 28 March 2022.