Brief: ANZ Group Holdings Posts NZ Class Action Decision

ANZ group

05/05/2026 02:13

May 5 (Reuters) - ANZ Group ANZ.AX:

ANZ NEW ZEALAND CLASS ACTION DECISION

HIGH COURT FOUND THAT ANZ NZ BREACHED SECTION 22 OF CCCFA

ANZ NZ IS CONSIDERING JUDGMENT AND NEXT STEPS

ANZ NZ'S ESTIMATE OF MAXIMUM POTENTIAL LIABILITY FOR COSTS OF BORROWING ARISING FROM THIS DECISION IS APPROXIMATELY NZD$125 MILLION

COURT HELD THAT REPRESENTATIVE PLAINTIFFS ENTITLED TO PAYMENT OF COSTS OF BORROWING FOR PERIOD OF BREACH NZD$32,728.42

SUMMARY JUDGMENT FOR NEW ZEALAND CREDIT CONTRACTS AND CONSUMER FINANCE ACT 2003 CLASS ACTION PROCEEDINGS

Further company coverage: ANZ.AX

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