November 14, 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.