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NAB's staff underpayment admission and $169 million repayment

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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.

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    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.

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Ngày thứ 1 · 1 bản tin

  1. Đưa tin đầu tiên

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

Những ai liên quan

Những ai liên quan

Nhân vật

  • Anna BoothFair Work Ombudsman 2023-2028

Tổ chức

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

Địa điểm

  • Australia