ANZ agrees to settle consumer credit insurance class action

Australia and New Zealand Banking Group Limited
9/833 Collins Street Docklands Victoria 3008 Australia
ABN 11 005 357 522
News Release
For Release: 14 November 2022

ANZ agrees to settle consumer credit insurance
class action


ANZ today announced it has reached an agreement to settle a class action brought against it
by Slater & Gordon in 2020.

The class action is against a number of parties, including ANZ, and relates to the sale of
three consumer credit insurance products.

ANZ will contribute $42 million to the settlement, which is covered by provision held at 30
September 2022. The settlement is without admission of liability and remains subject to
court approval.


For media enquiries contact:

Stephen Ries
Head of Corporate Communications
Tel: +61 409 655 551

Lachlan McNaughton
Senior Manager Media Relations
Tel: +61 457 494 414



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