Company: WEBNF
Filing Date: 2025-11-04
Form Type: 20-F
Source: 0001104659-25-105894
Chunk: 114

Company: WESTPAC BANKING CORP
Filing Date: 2025-11-04
Form: 20-F
Item: Item 14
Chunk 114
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       (1,546)
Reversal of unutilised provisions   ​           (17)                (2)       (96)                        (2)                (71)   ​          (62)         (250)
Balance as at 30 September 2025     494                             930                 469   159                             283   ​           277         2,612
Parent Entity                       ​              ​   ​              ​   ​   ​               ​             ​   ​               ​   ​             ​   ​         ​
Balance as at 30 September 2024     465                             824                 464   141                             198   ​           179         2,271
Additions                           89                            1,161                  49   4                               336   ​           142         1,781
Utilisation                                     (55)            (1,128)       -                           (6)               (203)   ​          (70)       (1,462)
Reversal of unutilised provisions               (17)   ​            (2)   ​   (83)            ​           (2)   ​            (66)   ​          (44)   ​     (214)
Balance as at 30 September 2025     482                             855                 430   137                             265   ​           207         2,376
​
Legislative liabilities
Westpac had the following assessed liabilities as at 30 September 2025:

●   $26 million (2024: $22 million) based on an actuarial assessment as a self-insurer under the Workers’ Compensation Act 1987 and the Workplace Injury Management and Workers’ Compensation Act 1998 (New South Wales);
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●   $7 million (2024: $7 million) based on actuarial assessment as a self-insurer under the Accident Compensation Act 1985 (Victoria);
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●   $7 million (2024: $7 million) based on actuarial assessment as a self-insurer under the Workers’ Rehabilitation and Compensation Act 1986 (South Australia);
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●   $2 million (2024: $2 million) based on an actuarial assessment as a self-insurer under the Workers’ Compensation and Rehabilitation Act 2003 (Queensland);
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●   Nil (2024: nil) based on an actuar