ANZ fined $25 million for misleading so many customers over ‘Breakfree’ package

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The Australia and New Zealand Banking Group Limited (ANZ) has been fined $25 million in the Federal Court for failing to provide a number of benefits it had agreed to give certain customers.

The Federal Court found ANZ failed to provide benefits such as fee waivers and interest rate discounts to approximately 689,000 customer accounts since the mid-1990s, with customers affected up until September 2021.








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