Westpac has been ordered to pay penalties in the amount of $113 million for widespread compliance failures across multiple businesses, including Westpac’s banking, superannuation, wealth management and insurance brands.
he bought it in 2015 for up to £13m with his ex—wife sarah, the duchess of york. it is believed the property is now heavily mortgaged so it is not clear how much the sale will raise. and questions about whether he will have enough to pay the settlement himself. so already people are wondering if another family member, like his mother, the queen, might have to help foot the bill. according to the times — she has a net worth of 365 million pounds — almost half a billion dollars. last year the queen and her family received 85.9 million pounds — 116 million dollars from the sovereign grant. and her private estate — known as the duchy of lancaster — made a profit of 23 million pounds last year — 31 million dollars. nigel cawthorne is the author