Yeah it sucks, but if you read the article it does say:
"The penalty handed down by the Court was determined under the previous penalty regime where the maximum penalty for each contravention was $1 million. Penalties have increased after legislation was introduced in March 2019 and will apply to contraventions that have occurred after March 2019. Civil penalties have significantly increased, now to be capped at $525 million"
No solace for those who were affected by this guy though.
News: WBC ASIC Says Westpac Ordered To Pay $9.15 Mln Penalty For 22 Breaches Of Corporations Act, page-3
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Last
$33.03 |
Change
-0.260(0.78%) |
Mkt cap ! $113.0B | |||
| Open | High | Low | Value | Volume |
| $33.24 | $33.35 | $32.82 | $105.9M | 3.205M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $32.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.04 | 4350 | 1 |
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| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| WBC (ASX) Chart |