Lumaktaw sa nilalaman
Ngayon

UmuusadAraw 1

NAB's staff underpayment admission and $169 million repayment

  1. Update 1 sa 1PinakabagoAraw 1

    NAB found its payroll problem in 2019 and kept underpaying staff until 2026

    National Australia Bank underpaid about 66,000 current and former staff A$127 million in wages over 14 years. With interest and superannuation the bill is about A$169 million. The bank settled with the Fair Work Ombudsman, so it will not face a court or a court penalty.

    Manood

    Legal 500

    • 65,999Current and former staff underpaid
    • A$127mUnpaid wages, before interest and super
    • A$169mTotal owed with interest and super
    • A$2mContrition payment to Commonwealth revenue
    • NAB becomes aware of the problem and reports itself to the Fair Work Ombudsman.
    • A review finds NAB has not properly dealt with the problem, so staff are still being underpaid.
    • When the remaining roughly A$14 million will be paid, and how hard-to-find former employees will be reached. No deadline has been announced.
    • How the A$130 million estimate from August 2025 grew to A$169 million.
    • The exact size of the largest single underpayment: "up to" or "more than" A$87,000.
    • Whether the full undertaking, including NAB's compliance commitments, is published on the Ombudsman's register of enforceable undertakings.
    • Whether the last of the back pay reaches the people it is owed to.

Sino ang nag-ulat

Sino ang nag-ulat

16 outlet · 16 sanggunian

4 sa 16 ang nakapag-ulat na sa puntong ito

Kronolohiya

Kronolohiya

Araw 1 · 1 ulat

  1. Unang nag-ulat

  2. NAB tells the ASX about the enforceable undertaking, and the Ombudsman issues its statement.

Sino ang sangkot

Sino ang sangkot

Mga tao

  • Anna BoothFair Work Ombudsman 2023-2028

Mga organisasyon

  • Fair Work Ombudsmancentral point of contact for free advice and information on the Australian national workplace relations system
  • National Australia Bankfinancial institution in Australia

Mga lugar

  • Australia