From:                                         Adjudication

Sent:                                           Monday, 1 May 2017 2:21 PM

To:                                               'samanthahellen@westpac.com.au'

Subject:                                     Third Line Forcing Notification N99657 lodged by Westpac Banking Corporation [DLM=For-Official-Use-Only]

 

Security Classification:       For Official Use Only

 

Dear Ms Hellen

I refer to the third line forcing notification lodged with the Australian Competition and Consumer Commission (the ACCC) by Westpac Banking Corporation on 26 April 2017. It has been allocated the registration number N99657. The notification and this email will be placed on the ACCC’s public register which is available on the ACCC’s website.

The protection from legal action provided by the notification commences automatically 14 days after the lodgement date, unless the ACCC objects.

On the basis of the information that you have provided, and that the parties will disclose all relevant terms and conditions to customers, the ACCC does not object to the notification at this time.

If at any time circumstances change, or the ACCC receives further information, such that it is satisfied that the public benefits from the third line forcing conduct do not outweigh the public detriments, the ACCC may remove the protection provided by the notification.

 

Please contact Miriam Kolacz on 03 9658 6476 or by email to adjudication@accc.gov.au if you have any questions about this matter.

 

Regards

 

David Jones
General Manager | Adjudication
Australian Competition & Consumer Commission
23 Marcus Clarke Street Canberra 2601 |
http://www.accc.gov.au