This includes the previously announced $404 million in provisions associated with the court approved civil penalty and AUSTRAC's legal costs. Let's recall that, earlier in October, the Federal Court of Australia approved the agreement between Westpac and the Australian Transaction Reports and Analysis Centre (AUSTRAC) which will see Westpac pay a $1.3 billion penalty for its breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act). The penalty imposed is the highest civil penalty in Australian history, reflecting the seriousness of compliance failings by Westpac.