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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.
Tulichojua kwanza
- 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.
Ambacho hakikuwa wazi wakati huo
- 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.
Tulichosema tungefuatilia
- 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.
