Company: WEBNF
Filing Date: 2025-11-04
Form Type: 20-F
Source: 0001104659-25-105894
Chunk: 144

Company: WESTPAC BANKING CORP
Filing Date: 2025-11-04
Form: 20-F
Item: Item 14
Chunk 144
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   ​      31,280
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Fees payable to the auditor have been categorised as follows:

    Audit                                The year end audit, half-year review and comfort letters associated with debt issues and capital raisings.                        
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Audit-related   Consultations regarding accounting standards and reporting requirements, regulatory compliance reviews and assurance related to debt and capital offerings.
Tax             Tax compliance services.                                                                                                                                   
Other           Various services including systems assurance, compliance advice and controls reviews.                                                                      
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It is Westpac’s policy to engage KPMG on assignments additional to its statutory audit duties only if its independence is not impaired or seen to be impaired and where its expertise and experience with Westpac is important. All services were approved by the Board Audit Committee in accordance with Westpac’s Pre-Approval of Engagement of the External Auditor for Audit or Non-Audit Services Policy.
KPMG also received fees of $0.2 million and PwC of $6.4 million (2024 PwC: $6.6 million) for various entities which are related to Westpac but not consolidated. These non-consolidated entities include entities sponsored by Westpac, trusts of which a Westpac entity is trustee, manager or responsible entity, superannuation funds and pension funds.
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WESTPAC GROUP 2025 ANNUAL REPORT
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NOTES TO THE FINANCIAL STATEMENTS

Note 34.Related party disclosures
Related partiesWestpac’s related parties are those it controls or can exert significant influence over. Examples include subsidiaries, associates, joint ventures and superannuation plans as well as key management personnel and their related parties.
Key management personnel (KMP)Key management personnel are those persons who have the authority and responsibility for planning, directing and controlling the activities of Westpac, directly or indirectly, including any director (whether executive or otherwise).
Parent EntityWestpac Banking Corporation is the ultimate parent company of the Group.
Subsidiaries - Note 29The Parent Entity has the following related party transactions and balances with subsidiaries:
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            Type of transaction/balance                    Details disclosed in
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Balances due to/from subsidiaries                      ​   Balance Sheet       
Dividend income/Transactions with subsidiaries         ​   Note 4              
Interest income and Interest expense                   ​   Note 3              
Tax consolidated group transactions and undertakings   ​   Note 7              
Guarantees and undertakings                            ​   Note 25             
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The balances due to