Company: WEBNF
Filing Date: 2025-11-04
Form Type: 20-F
Source: 0001104659-25-105894
Chunk: 113

Company: WESTPAC BANKING CORP
Filing Date: 2025-11-04
Form: 20-F
Item: Item 14
Chunk 113
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 inflow of economic benefits is probable.Critical accounting assumptions and estimatesThe financial reporting of provisions for litigation and non-lending losses and for compliance, regulation and remediation matters involves a significant degree of judgement in relation to identifying whether a present obligation exists and also in estimating the probability, timing, nature and quantum of the outflows that may arise from past events. These judgements are made based on the specific facts and circumstances relating to individual events.
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FINANCIAL   EXHIBITS INDEX   STRATEGIC   PERFORMANCE   EXHIBIT 15.4   ADDITIONAL 
REPORT                       REVIEW      REVIEW                       INFORMATION
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Note 25.   Provisions, contingent liabilities, contingent assets and credit commitments (Continued)
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Provisions
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                ​                   ​        ​         ​        ​         ​         ​         ​        ​        ​         ​         ​        ​        ​      ​   
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​                                                                     ​       ​                                                         Litigation,              
​                                   ​              ​   ​   Annual leave   ​   Provision for   ​             ​   ​               ​   ​   non-lending   ​         ​
​                                   ​              ​   ​      and other   ​   impairment      ​         Lease   ​   Restructuring   ​    losses and   ​         ​
​                                   ​   Long service   ​       employee   ​   on credit       ​   restoration   ​       and other   ​   remediation   ​         ​
$m                                  ​          leave   ​       benefits   ​   commitments     ​   obligations   ​      provisions   ​    provisions   ​     Total
Consolidated                        ​              ​   ​              ​   ​   ​               ​             ​   ​               ​   ​             ​   ​         ​
Balance as at 30 September 2024     477                             899                 516   163                             210   ​           240         2,505
Additions                           90                            1,200                  49   6                               369   ​           189         1,903
Utilisation                                     (56)            (1,167)       -                           (8)               (225)   ​          (90)