Legal Aspects of International Trade and Enterprise

Legal Aspects of
International Trade
and Enterprise
2019

1
Executive Summary
In this report, Westpac Banking Corporation is selected to evaluate its operations and
identify the industry in which it operates. This report also identified its headquarters local
and the number of employees in Australia and worldwide. The key provisions of the
Australian legislative framework that applies to the company are also analysed in this
report. Finally, the key treaties, conventions or agreements which impact the products or
services of the company are identified to understand how they create opportunities or
obstacles for the company.

2
Table of Contents
Answer-1................................................................................................................................3
Answer-2................................................................................................................................4
Answer-3................................................................................................................................6
References.............................................................................................................................8

3
Answer-1
Westpac Banking Corporation or Westpac is a leading Australian bank and financial
service provider. The company is part of the “big four” banking firms in Australia, and it has
established its operations across the globe (Westpac, 2019). The company was founded in
1982 and Australia is a major market for the company. The Australian banking and
financial services industry have a value of about AU$1.3 trillion which is a major
contributor to the economic growth of the country (Austrade, 2019). Furthermore, it also
provides employment to over 420,000 people in Australia. Westpac’s headquarters is
situated in Sydney. The company serves over 14 million customers which are situated
across the globe by providing them banking as well as financial services. The company
has hired 35,029 employees for managing its operations situated in different countries
(Westpac Group, 2018). In Australia, the company has around 33,737 employees who are
responsible for handling its operations in the country (Westpac, 2012).