Changes to Westpac Exchange Traded Options Product Disclosure Statement effective 17 November 2026

We have made changes to the Westpac Exchange Traded Options (ETO) Product Disclosure Statement (PDS), which will take effect on 17 November 2026. A summary of the changes is below:

• Part A – Update to the 'Products offered by this PDS' section to include Exchange Traded Fund (ETF) options traded on the ASX.
• Part A – Update to the 'What are ETO Contracts?' section to amend when an option can be exercised.
• Part A – Standardised Contracts – An additional expiry date cycle has been added.
• Part A – Update to 'Deliverable or cash settled' section to include short-dated index options and clearly define the logic used when these are cash settled on expiry day.
• Part A – Settlement – Further updates to Settlement to include short-dated options.
• Part A – Risks of ETOs – A new risk of trading ETOs has been outlined to define the appropriateness of self-managed superannuation funds (SMSF) trading ETOs to ensure that strategies are in line with the fund’s trust deed, investment strategy and superannuation laws.
• Part A – Amendment to 'Costs and amounts payable associated with trading ETOs' section.
• Part A – Updates to Taxation of Financial Arrangements (TOFA) rules to include two (2) additional requirements that may result in a breach due to assets held.

The updated Westpac Exchange Traded Options Product Disclosure Statement will be available to download from 17 November 2026.

Published: 10 November 2026