Westpac Banking Corp 6-K, filed Oct 3, 2024
Westpac Banking Corp (WEBNF)
About this 6-K
Westpac Banking Corp filed this 6-K on October 3, 2024.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE
13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
3 October, 2024
Commission File Number 1-10167
WESTPAC BANKING CORPORATION
(Translation of registrant’s name into English)
275 KENT STREET, SYDNEY, NEW SOUTH WALES 2000, AUSTRALIA
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Index to Exhibits
| Exhibit No. |
Description | |
| 1 | ASX Release – Westpac enters into agreement to sell auto finance loan book |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| WESTPAC BANKING CORPORATION | ||
| (Registrant) | ||
| Date: October 3, 2024 | By: | /s/ Esther Choi |
| Esther Choi | ||
| Tier One Attorney | ||
Exhibit 1
| ASX Release |
Level 18, 275 Kent Street Sydney, NSW, 2000 |
3 October 2024
WESTPAC ENTERS INTO AGREEMENT TO SELL AUTO FINANCE LOAN BOOK
Westpac has entered into an agreement to sell its auto finance loans and lease receivables to Resimac Group Limited (ASX: RMC, “Resimac”).
The sale is anticipated to complete in the first half of 2025, with an expected transaction value of $1.4 - $1.6 billion. It is not expected to have a material impact to Westpac’s financial statements.
The sale will finalise Westpac’s divestment of its auto finance business, following the partial sale in 2021.
For further information:
| Hayden Cooper | Justin McCarthy |
| Group Head Media Relations | General Manager Investor Relations |
| M. 0402 393 619 | M. 0422 800 321 |
This document has been authorised for release by Tim Hartin, Company Secretary.
