Refunds for incorrect fees

In December 2017, Westpac self-reported to the Financial Markets Authority (FMA) and the Commerce Commission (Commission) that it may have breached the Financial Markets Conduct Act 2013 (FMCA) and the Fair Trading Act 1986 (FTA) by incorrectly discounting fees ┬áin connection with certain banking packages.   Then in December 2018, Westpac alerted the FMA and [...]