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

相關各方

相關各方

人物

  • Anna BoothFair Work Ombudsman 2023-2028

機構

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

地點

  • Australia