Former ANZ CEO launches legal action against the bank

News Brief: English

Summary

Former ANZ CEO Shayne Elliott is suing the bank in the NSW Supreme Court after it cut $13.5 million from his post-retirement bonus payments. ANZ states the reduction is due to corporate accountability issues during his tenure and will vigorously defend the lawsuit.

Key Points

  • Lawsuit Filed: Shayne Elliott has launched legal action against ANZ for slashing $13.5 million from his long-term bonus payments after his retirement.
  • Elliott claims ANZ breached his contract and seeks a court declaration to that effect.
  • ANZ’s Position: The bank cites APRA prudential standards and a focus on “corporate accountability” for the adjustment, linking it to scandals during Elliott’s tenure (2016-2025).
  • ANZ Chairman Paul O’Sullivan stated the board is confident and “will defend this matter vigorously.”
  • Regulatory Context: During Elliott’s tenure, ASIC took 11 civil actions against ANZ, including a recent $240 million fine for misconduct affecting 65,000 customers.
  • Current CEO Nuno Matos has publicly apologized for the bank’s past “serious and unacceptable” failings.

新闻简报:中文

摘要

澳大利亚澳新银行(ANZ)前首席执行官邵恩·艾略特(Shayne Elliott)因该银行在其退休后削减了1350万澳元的奖金而将其告上新南威尔士州最高法院。澳新银行表示,削减奖金是基于其任期内出现的公司问责问题,并将为此案进行强力辩护。

关键点

  • 提起诉讼:邵恩·艾略特因澳新银行在其退休后大幅削减其长期奖金而对其提起法律诉讼。
  • 艾略特声称澳新银行违反合同,并寻求法院就此作出声明。
  • 澳新银行立场:该银行援引澳大利亚审慎监管局(APRA)的审慎标准以及“公司问责制”作为调整理由,并将其与艾略特任期(2016-2025年)内的多起丑闻相关联。
  • 澳新银行主席保罗·奥沙利文表示董事会有信心并将“为此案进行强力辩护”。
  • 监管背景:在艾略特任期内,澳大利亚证券与投资委员会(ASIC)对澳新银行提起了11起民事诉讼,包括近期因不当行为影响6.5万名客户而处以的2.4亿澳元罚款。
  • 现任首席执行官努诺·马托斯已就银行过去“严重且不可接受的”失误公开道歉。

Original Article Link: https://www.abc.net.au/news/2025-12-12/former-anz-ceo-shayne-elliott-sues-bank/106136712

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