Westpac's Head of Specialist Finance testifies at the Banking Royal Commission
Channel: Banking Royal Commission
Date: 2018-05-13

[1.16] Phillip Godkin, general manager of specialist finance at Westpac, is being questioned about flex commissions paid by lenders to car dealers, allowing a dealer to set the interest rate on a car loan: the higher the interest rate the larger the commission earnt by the dealer. 

Recorded on 21 March 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.

Witness Statement:
https://bit.ly/2FTlqYL

Exhibit documents:
https://bit.ly/2I7NkBV

Transcript:
https://bit.ly/2ImUPbH

Testimony held during the first round of public hearings on consumer lending practices in Australia at the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

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Video Source: https://bit.ly/2XBSBKh
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© Commonwealth of Australia 2018.

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