ANZ agrees to settle superannuation & Esanda class actions

Australia and New Zealand Banking Group Limited
9/833 Collins Street Docklands Victoria 3008 Australia
ABN 11 005 357 522
News Release
For Release: 4 October 2024

ANZ agrees to settle superannuation class action and
Esanda class action

ANZ today announced it has reached agreement to settle two class actions brought against
it in 2020.

The superannuation class action related to the investment of superannuation funds with
ANZ, when ANZ owned OnePath Custodians and OnePath Life.

The Esanda class action related to the use of flex commissions in dealer arranged Esanda
car loans in the period from 1 January 2011 to 31 March 2016. ANZ completed the sale of
its Esanda Dealer Finance portfolio in 2016.

ANZ will contribute $14m to the settlement of the superannuation class action and will pay
$85m for the settlement of the Esanda class action. The settlement sums are covered by
existing provisions held at 30 September 2024. The settlements are without admission of
liability and each remain subject to court approval.


For media enquiries contact:
Lachlan McNaughton
Head of Media Relations
Tel: +61 457 494 414

Amanda Schultz
Media and Public Relations Manager
Tel: +61 401 532 325
For analyst enquiries contact:
Jill Campbell
Group General Manager, Investor Relations
Tel: +61 412 047 448

Cameron Davis
Executive Manager, Investor Relations
Tel: +61 421 613 819


Approved for distribution by ANZ’s Continuous Disclosure Committee