April 28 (Reuters) - Westpac Banking Corp WBC.AX :
* WESTPAC AND SHINE LAWYERS SETTLE CLASS ACTION
* SETTLEMENT IS CAPPED AT $30M AND REMAINS SUBJECT TO APPROVAL BY FEDERAL COURT OF AUSTRALIA
* AGREED TO SETTLE CLASS ACTION RELATING TO PREMIUMS PAID FOR CERTAIN INSURANCE POLICIES TAKEN OUT WITH WESTPAC LIFE INSURANCE
* HAS RESOLVED MATTER WITHOUT ANY ADMISSION OF LIABILITY