By Scott Murdoch and Christine Chen

SYDNEY, Dec 12 (Reuters) – Australian lender ANZ Group said on Friday it would defend legal action taken against ‍the bank by former CEO Shayne Elliott after he was stripped of A$13.5 million ($9 million) of bonuses.

Elliott filed a case in the New South Wales Supreme Court against the bank relating to his remuneration outcomes in the 2025 ‌financial year, ANZ said.

The ANZ board ‌cut Elliott’s and other executives’ bonuses after the bank agreed to pay a A$240 million civil penalty to regulators for systemic failures ranging from acting “unconscionably” in a government bond deal to charging dead customers.

Other former executives also endured pay and bonus eliminations in sweeping cuts worth ‍about A$32 million, according to ANZ’s annual report.

“Th

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