Article #976495747
Thursday, October 8th 2009, 10:18AM
There are no rate changes to advise today.
Westpac is in the throws of a crackdown by the Inland Revenue Department and facing a bill of up to A$825 million (around NZ$996 including accrued interest) in back taxes and penalties.
The bank has been in battles with the New Zealand tax authorities over a series of complex financial deals, dating as far back as 1998.
An announcement is due out today, so keep an eye on Mortgagerates.co.nz for an update.
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