Business · Companies · 5 hrs ago
Fair Work Commission upholds sacking of senior CBA lender
The Fair Work Commission upheld the dismissal of Shun Wang, a senior home lender at Commonwealth Bank of Australia.
Wang had asked the commission to overturn his sacking, but it found he intentionally misled the bank’s investigators about knowing a mortgage broker.
He had shared loan updates in a WeChat group with an accredited bank referrer and the broker, using a messaging app that was not approved for business.
The bank’s investigation began after an anonymous tip and expanded to loans referred through two partner businesses.
The bank suspected the broker received referral-like payments from those businesses and some customers, but that suspicion was not decided by the commission.
The case matters because bank referral rules exclude mortgage brokers and restrict how lenders share customer information with referrers.
The commission rejected Wang’s unfair dismissal claim; the sources describe no further steps.
The Fair Work Commission upheld the dismissal of Commonwealth Bank of Australia home lender Shun Wang and rejected his unfair dismissal claim.
Deputy President Gerard Boyce found that Wang intentionally misled the bank’s investigators and sought to mislead the Commission.
The case involved loan income verification and Wang’s sharing of customer loan updates in a WeChat group with an accredited referrer and an unaccredited third party.
The bank suspected the third party was receiving payments linked to loan referrals, but that remained the bank’s concern rather than a finding in Wang’s case.
- Who
- Shun Wang, a senior Commonwealth Bank home lender. The Fair Work Commission considered his unfair dismissal claim.
- What
- The Commission upheld Wang’s dismissal and rejected his claim.
- When
- The Commission’s decision was reported on 2 November 2026. Wang was dismissed on 29 July 2025.
- Where
- Australia. The case was before the Fair Work Commission.
- Why
- The Commission found Wang intentionally misled investigators and sought to mislead the Commission. The case also concerned his loan income verification and sharing customer loan updates on WeChat.
CBA and its investigators
Shun Wang
Knowledge of the third party
CBA and its investigators
CBA alleged Wang misled investigators by saying he did not know the third party.
Shun Wang
Wang initially said he had no idea who the man was, then later accepted he knew him.
WeChat communications
CBA and its investigators
CBA alleged Wang shared customer loan updates in an unapproved group chat with an accredited referrer and an unaccredited third party.
Shun Wang
Wang said the chat began as a way to exchange Chinese New Year greetings and claimed he shared only loan approval information.
An anonymous report about bank staff was made to CBA’s SpeakUp whistleblowing program.
Wang told investigators he had no knowledge of the third party, according to the Commission account.
At a second interview, Wang accepted that he knew the third party.
CBA dismissed Wang.
Reports said the Fair Work Commission had rejected Wang’s unfair dismissal claim.
- Role
- Home Lending Executive, CBA’s most senior lender grade
- Base salary
- $250,000
- Dismissal date
- 29 July 2025
- Whistleblower report
- 19 November 2024
- Payments from JS Sonic
- Six payments totalling $81,146.44 to the third party
- Payments from Regis Lawyers
- Six payments totalling $61,441.62 to the third party
3 sources
What people are saying
sought to intentionally mislead the Commission
lazy to verify the PAYG income
no idea