ANZ head assures that the bond scandal has not cost taxpayers anything.

According to the bank’s chief, taxpayers have not been burdened by the misconduct of ANZ employees.

ANZ CEO Shayne Elliott informed a parliamentary inquiry into the big four banks that the company would face repercussions for the misconduct, including potential pay cuts.

The bank was investigated by the corporate regulator for improperly submitting monthly secondary bond turnover data to the federal government in 2023.