Company: WEBNF
Filing Date: 2025-11-04
Form Type: 20-F
Source: 0001104659-25-105894
Chunk: 23

Company: WESTPAC BANKING CORP
Filing Date: 2025-11-04
Form: 20-F
Item: Item 14
Chunk 23
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 ​      310   3            ​      301   ​       304
Other overseas                              (22)    ​       (6)   ​     (28)         (41)   ​      (4)   ​      (45)
Total change in interest expense           1,352    ​   (1,284)   ​       68        1,601   ​    8,558   ​    10,159
Change in net interest income:                 ​    ​         ​   ​        ​            ​   ​        ​   ​         ​
Australia                             371           ​       267   ​      638        (164)   ​      576   ​       412
New Zealand                           63            ​     (110)   ​     (47)   24           ​       75   ​        99
Other overseas                        40            ​       (4)   ​       36        (144)   ​       69   ​      (75)
Total change in net interest income   474           ​       153   ​      627        (284)   ​      720   ​       436
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FINANCIAL   EXHIBITS INDEX   STRATEGIC   PERFORMANCE   EXHIBIT 15.4   ADDITIONAL 
REPORT                       REVIEW      REVIEW                       INFORMATION
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Note 4.Non-interest income
Accounting policy​

Non-interest income includes net fee income, net wealth management, trading income and other income. Net fee incomeWhen another party is involved in providing goods or services to a Westpac customer, Westpac assesses whether the nature of the arrangement with its customer is as a principal provider or an agent of another party. Where Westpac is acting as an agent for another party, the income earned by Westpac is the net consideration received (i.e. the gross amount received from the customer less amounts paid to a third-party provider). As an agent, the net consideration represents fee income for facilitating the transaction between the customer and the third-party provider with primary responsibility for fulfilling the contract.Fee incomeFee income is recognised when the performance obligation is satisfied by transferring the promised good or service to the customer. Fee income includes facility fees, transaction fees and other non-risk fee income.Facility fees include certain line fees, annual credit card fees and fees for providing customer bank accounts. They are recognised over the term of the facility/