Company: WEBNF
Filing Date: 2025-11-04
Form Type: 20-F
Source: 0001104659-25-105894
Chunk: 128

Company: WESTPAC BANKING CORP
Filing Date: 2025-11-04
Form: 20-F
Item: Item 14
Chunk 128
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 an ongoing basis, including through an annual Internal Capital Adequacy Assessment Process (ICAAP). Key features include:

●   The development of a capital management strategy, including consideration of regulatory capital minimums, capital buffers and contingency plans;
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●   Consideration of regulatory capital requirements and the perspectives of external stakeholders including rating agencies as well as equity and debt investors; and
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●   A stress testing framework that tests our resilience under a range of adverse economic scenarios.
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The Board has determined a target post dividend CET1 capital ratio of above 11.25% in normal operating conditions. This target includes consideration of APRA’s increase in the minimum CET1 ratio of 0.25% to 10.50% effective 1 January 2027 and replaces the previous CET1 capital operating range of between 11.00% and 11.50%.
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1.   Noting that APRA may apply higher requirements for an individual ADI.
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WESTPAC GROUP 2025 ANNUAL REPORT
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NOTES TO THE FINANCIAL STATEMENTS

Note 28.Dividends 
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                                             ​                                                ​     ​     ​      ​     ​      ​     ​     ​      ​       ​  
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​                                                                                             ​   Consolidated                      ​   Parent Entity       
$m                                                                                            ​   2025    ​     2024   ​     2023   ​   2025    ​       2024
Dividends not recognised at year end                                                                                                                        
Since year end the Directors have proposed the following dividends:                               ​                                     ​                   
Final dividend 77 cents per share (2024: 76 cents, 2023: 72 cents) all fully franked at 30%   ​   2,634        2,615        2,527       2,634          2,615
Total dividends not recognised at year end                                                        2,634        2,615        2,527       2,634          2,615
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The Board has determined a final fully franked dividend of 77 cents per share, to be paid on 19 December 2025 to shareholders on the register at the record date of 7 November 2025.
Shareholders can choose to receive their dividends as cash or reinvest their dividend in additional shares under the Dividend Reinvestment Plan.
The Board has determined to satisfy the Div