Australia's Westpac Bank appeals NZ tax decision

Published: 02 Nov 2009 21:09:44 PST

SYDNEY, Nov 3 - Australia's Westpac Banking Corp <WBC.AX>, the third-biggest bank by assets, has appealed a New Zealand court decision last month that meant it faces a NZ$918 million ($664 million) tax bill over structured finance transactions. Westpac also said on Tuesday the appeal is not likely to be held before the last quarter of 2010.