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Business Solutions > Service centre > Common forms & documents > Business Banking Fees - A guide to Fees and Charges

Business Banking Fees

A Guide to Fees and Charges

effective 1 July 2008

CONTENTS

YOUR GUIDE TO BUSINESS BANKING FEES & CHARGES

Section 1 Business Accounts and Services 

Section 2 Agribusiness Products and Services

Section 3 NAB Cards for Business

Section 4 Business Lending Facilities

Section 5 Other Service Fees

Section 6 Legal Services

Section 7 Government Taxes and Charges

Section 8 Definitions

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YOUR GUIDE TO BUSINESS BANKING FEES & CHARGES 

This brochure covers a range of NAB Business products and services that are available and the fees and charges which may apply to them.

Fees and charges listed in this brochure are current as at 1 July 2008.

To the extent that this document contains information on fees and charges relating to a NAB product, this document forms part of the Product Disclosure Statement (PDS) / Terms and Conditions for that product. 

Any advice in this document has been prepared without taking into account your objectives, financial situation or needs. Before acting on any advice in this document, National Australia Bank Limited (NAB) recommends that you consider whether it is appropriate for your circumstances.NAB recommends you consider the Product Disclosure Statement or other disclosure document, available from NAB, before making any decisions regarding any NAB products.. The products covered by this brochure are issued by National Australia Bank Limited.

Where government charges and taxes apply, these are passed on to customers. A summary of these taxes are included in this brochure. These taxes may change at any time.

For supplies that are taxable under the A New Tax System (Goods and Services Tax) Act 1999, the corresponding fees and charges are indicated as 'GST inclusive' throughout this brochure. NAB will issue a valid tax invoice in respect of taxable supplies it provides to you.

NAB also provides a wide range of products and services to Personal customers, which are not covered by this brochure. For more details on these accounts and services or if you would like any further information on our Business services, contact your NAB Business Banking Manager, or call 13 10 12, Monday to Friday, 8am to 8pm EST.

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SECTION 1

BUSINESS ACCOUNTS AND SERVICES

Business accounts

Fees for NAB Business Cheque Account, NAB Business Management Account and NAB GST Business Offset Account are calculated from the last business day of the previous month to the second last business day of the current month.

For all business accounts, the Account Service Fee or Flat Monthly Fee is payable and debited on the last business day of the month, except for:

  • NAB Farm Management Account where the fee is payable and debited annually in arrears on each anniversary of the opening of the account; and
  • NAB GST Business Offset Account linked to a NAB Farm Management Account, the fee is payable on the last business day of the month and debited at any time after that, usually no later than on the first business day of the following month.

For all business accounts, Transaction Fees are payable and debited on the last business day of the month, except for:

  • NAB Farm Management Account where these are payable and debited annually; and
  • NAB GST Business Offset Account linked to a NAB Farm Management Account, where these are payable on the last business day of the month and debited at any time after that, usually no later than on the first business day of the following month.
  • Non-NAB ATM transaction fees, which are payable and debited on the day the transaction occurs or for the NAB Farm Management Account, are payableand debited annually in accordance with the above.

All Other Service Fees, as detailed in Section 5, that relate to business accounts (including NAB Statutory Trust Accounts and NAB Retail Lease Account), unless otherwise specified, are payable on the day the transaction occurs and are debited on the day on which a fee is incurred.

Any fees which have become payable but have not yet been debited will be calculated and debited on the day your account is closed. Any fees will be displayed on your final account statement.

Alternative lower cost electronic based payment systems are readily available and information can be sought from your Business Banking Manager or by calling 13 10 12.

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Opening a business account

A company/business name search fee is payable at opening of all new accounts/facilities/packages and for facility increases/renewals. For more details see Section 5.

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NAB Business Cheque Account

Flat Monthly Fee $10 per month
Each Over the Counter/Australia Post deposit, withdrawal and each item lodged on deposit $0.90 per item
Each Non-Over the Counter deposit, withdrawal and each item lodged on deposit $0.60 per item
NAB ATM transactions Nil (part of Flat Monthly Fee)
Electronic transactions

Important Note: Excludes Multiple Funds Transfers made via NAB Internet Banking, which will incur a fee as detailed in Section 5 - Other Service Fees

 Nil (part of Flat Monthly Fee)
Transactions and enquiries made at non-NAB ATMs within Australia $2 per transaction
NAB ATM mini-statements Nil (part of Flat Monthly Fee)
(Refer to Section 8  Definitions)  

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NAB Business Management Account

Flat Monthly Fee $20 per month
Each Over the Counter/Australia Post deposit, withdrawal and each item lodged on deposit $0.90 per item
Each Non-Over the Counter deposit, withdrawal and each item lodged on deposit $0.60 per item
NAB ATM transactions Nil (part of Flat Monthly Fee)
Electronic transactions

Important Note: Excludes Multiple Funds Transfers made via NAB Internet Banking, which will incur a fee as detailed in Section 5- Other Service Fees

 Nil (part of Flat Monthly Fee)
Transactions and enquiries made at non-NAB ATMs within Australia $2 per transaction
NAB ATM mini-statements Nil (part of Flat Monthly Fee)
(Refer to Section 8  Definitions)  

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NAB Business Cash Maximiser

Flat Monthly Fee Nil
Electronic Transactions Nil

Note: The following transaction types are not available on this account:

  • Over the Counter/Australia Post and Non-Over the Counter deposits and withdrawals
  • NAB and non-NAB ATM transactions, enquiries and mini-statements
  • Multiple Funds Transfers

(Refer to Section 8 for above  Definitions)

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NAB Community Fee Saver Account

Account Service Fee Nil
Each Over the Counter/Australia Post deposit, withdrawal and each item lodged on deposit Nil
Each Non-Over the Counter deposit, withdrawal and each item lodged on deposit Nil
NAB ATM Transactions Nil
Electronic Transaction & enquiries (including Multiple Funds Transfers made via NAB Internet Banking) Nil
Important Note: Some electronic transactions (e.g. Periodic Payments) will attract a separate fee, as set out in Section 5 - Other Service Fees  
Transaction and enquiries made at non-NAB ATMs within Australia $2 each
NAB ATM mini-statements Nil
(Refer to Section for above  Definitions)  

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NAB GST Business Offset Account

Flat Monthly Fee $10 per month
Each Over the Counter/Australia Post deposit, withdrawal and each item lodged on deposit $0.90 per item
Each Non-Over the Counter deposit, withdrawal and each item lodged on deposit $0.60 per item
NAB ATM transactions Nil (part of Flat Monthly Fee)
Electronic Transactions

Important Note: Excludes Multiple Funds Transfers made via NAB Internet Banking, which will incur a fee as detailed in Section 5 - Other Service Fees

 Nil (part of Flat Monthly Fee)
Transactions and enquiries made at non-NAB ATMs within Australia $2 per transaction
NAB ATM mini-statements Nil (part of Flat Monthly Fee)
(Refer to Section 8 for above  Definitions)

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NAB Business Investment Account

Account Service Fee $20 per month
Balance Transfer Fees Nil
Electronic transactions

Important Note: Excludes Multiple Funds Transfers made via NAB Internet Banking, which will incur a fee as detailed in Section 5 - Other Service Fees

 Nil

For the purpose of this account Electronic Transactions are those transactions to/from your account conducted via NAB Internet Banking (including bill payment BPAY®)1, NAB Telephone Banking (including bill payment BPAY®) and periodical payments, direct debits, direct credits and other funds transfers to/from your account.2

  1. Important Note: Excludes Multiple Funds Transfers made via NAB Internet Banking.
  2. Important Note: Some electronic transactions will also attract a separate fee, as set out in Section 5 - Other Service Fees. For example, a payment from your account made under a Periodical Payment Authority is an electronic transaction and is charged accordingly.
    A separate Periodical Payment fee is also payable.
  • ® Registered to BPAY Pty Ltd ABN 69 079 137 518.

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SECTION 2

AGRIBUSINESS PRODUCTS AND SERVICES

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Farmers Choice Package

Application Fee Available on application
Annual Package Fee $500

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NAB Farm Management Account

Account Service Fee Nil
Each Over the Counter/Australia Post deposit, withdrawal and each item lodged on deposit $0.60 per item
Each Non-Over the Counter deposit, withdrawal and each item lodged on deposit $0.40 per item
NAB ATM transactions $0.40 per item
Electronic Transactions
and enquiries

Important Note: Excludes Multiple Funds Transfers made via NAB Internet Banking, which will incur a fee as detailed in Section 5 - Other Service Fees

 $0.10 per transaction
Transactions and enquiries made at non-NAB ATMs within Australia $2 each in addition to the Electronic Transaction Fee
NAB ATM mini-statement $0.40 per mini-statement
(Refer to Section 8 for above  Definitions)
The above fees are charged annually in arrears on each anniversary of the opening of the account or on the closure of the account, whichever occurs first.

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NAB Farm Management
Account Overdraft

Application Fee Available on application
Annual Facility Fee $400

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NAB Wheat Advance Facility

Full Recourse Facility
Activation Fee $0.20 per eligible tonne or part thereof of wheat delivered. Payable for processing wheat delivery data as notified by the Bulk Handling Company or by the borrower if delivered to AWB Grainflow sites1. Fee is payable on the day the data is received by NAB and debited to the facility in the month the data is received or the month following.
  1. AWB means AWB Limited ABN 99 081 890 459 and includes its related bodies corporate.

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SECTION 3

NAB CARDS FOR BUSINESS

NAB Business Card - MasterCard/Visa
Monthly card fee
NAB Business Card - each card, each month		 $7.50

Effective from 1 August 2008
Single Currency Transaction: A transaction made in Australian dollars with an internationally-designated merchant.

Multi Currency Transaction: A transaction made in a currency other than Australian dollars with an internationally or Australian designated merchant.
Visa
Transaction Type  International Transaction Fee1
Single Currency
Non - Internet		  2.30%
Single Currency
Internet		  1.50%
Multi Currency  2.50%
Mastercard
Transaction Type  International Transaction Fee1
Single Currency  2.00%
Multi-Currency
(Made with an internationally
designated merchant)		  2.50%
Multi-Currency
(Made with an Australian designated
merchant)		  1.70%
Overseas Payment Order Purchased Fee
Each payment order drawn in currencies other than Australian dollars and tendered in payment of a card account.		 $5

1 Includes a NAB Processing Fee of 1.50% plus any Card Scheme Fee charged to NAB and on-charged to you. This Fee is a percentage of the converted AUD amount shown on your statement.

NAB Business Access - MasterCard/Visa
Annual Fee
NAB Business Access -
each card, each year.		 $50
Dishonour Fee
Per item lodged with payments and returned by the paying bank.		 $12
Late Payment Fee
Debited at the end of statement period, if at that time, any amount due and payable is 30 or more days overdue ie. two payments in arrears, and the unpaid balance of the account is more than $100.		 $20

Effective from 1 August 2008
Single Currency Transaction: A transaction made in Australian dollars with an internationally-designated merchant.

Multi Currency Transaction: A transaction made in a currency other than Australian dollars with an internationally or Australian designated merchant.
Visa
Transaction Type  International Transaction Fee1
Single Currency
Non - Internet		  2.30%
Single Currency
Internet		  1.50%
Multi Currency  2.50%
Mastercard
Transaction Type  International Transaction Fee1
Single Currency  2.00%
Multi-Currency
(Made with an internationally
designated merchant)		  2.50%
Multi-Currency
(Made with an Australian designated
merchant)		  1.70%

1 Includes a NAB Processing Fee of 1.50% plus any Card Scheme Fee charged to NAB and on-charged to you. This Fee is a percentage of the converted AUD amount shown on your statement.

NAB Purchasing and Corporate Cards -
MasterCard/Visa
Annual Fee
(Membership Fee)
Each card per annum, charged monthly		 Varies depending on contractual agreement
Transaction Fee Varies depending on contractual agreement
MasterCard Issuer Cross-Border Assessment
(Charged to NAB and on-charged by NAB to your account for purchase transactions originating overseas. The assessment is included in the Australian dollar amount shown on your account and is a percentage of the AUD amount.)		 0.80%
MasterCard Currency Conversion Assessment
(Charged to NAB and on-charged by NAB to your account for purchase transactions originating in currencies other than Australian dollars. The assessment is included in the Australian dollar amount shown on your account and is a percentage of the AUD amount.)		 0.20%
Visa International Fee
(Charged to NAB and on-charged by NAB to your account for any purchase transactions made in currencies other than Australian dollars, percentage of any converted AUD amount. The fee is included in the converted AUD amount.)		 1.00%

The following applies to all three card accounts outlined above, unless otherwise indicated

Other Fees
Production of Transaction Evidence $5 per item (except where item was not authorised by the cardholder)
Repeat Statements $7 per statement
Cash advance fees1
At a NAB ATM $1
At a NAB branch, Travelex or Australia Post (Bank@Post™) outlet (over the counter) $3
At a non-NAB branch $4
At a non-NAB ATM
within Australia		 $2
At a non-NAB ATM
outside Australia		 $4
  1. Cash advance fees are not applicable to Purchasing/Corporate cards
Replacement cards (as a result of loss/theft):
First replacement card during each Annual Fee period Exempt
Second and subsequent replacement card during each Annual Fee period:
- Issued within Australia $20
- Issued outside Australia $100

Velocity NAB Business American Express ® Card
Annual Card Fee $149
Overlimit Fee
Debited on the day during any statement period when the balance of the account first exceeds the credit limit during that statement period.		 $25
Late Payment Fee
Debited on or after the day when an amount that is due for payment is past its due date if, at the time the fee is debited, the balance of the account is $50 or more.		 $30
Effective from 1 August 2008
Single Currency Transaction: A transaction made in Australian dollars with an internationally-designated merchant.
Multi Currency Transaction: A transaction made in a currency other than Australian dollars with an internationally or Australian designated merchant.
American Express1
Transaction Type International Transaction Fee2
Single Currency 1.50%
Multi Currency 1.50%
Dishonour Fee
Per item lodged with payments and returned by the paying bank.		 $12
Overseas Payment Order Purchased Fee
Each payment order drawn in currencies other than Australian dollars and tendered in payment of a card account.		 $5
Repeat Statement Fee
 $7 per statement
Production of Transaction Evidence Fee
 $5 per item (except where item was not authorised by the cardholder)
Lost/Stolen Card Replacement Fee $20 per card issued in Australia. $100 per card issued overseas. Applicable where second or subsequent replacement card issued in a calendar year.
Cash Advance Fees

You will be charged 1.00% of the Cash Advance (in Australian dollars) or a minimum fee of $1.00, whichever is the greater.

For Cash Advances via all other channels listed below you will be charged a percentage of the Cash Advance (in Australian dollars) or the minimum fee, whichever is the greater.

However, if after NAB posts the Cash Advance transaction, the balance of your account is in credit or zero, the minimum fee for the channel used will apply.

Note: NAB posts purchases and cash advances in that order to your account before posting payments and refunds.

1 American Express Multi-Currency transactions are subject to an American Express Currency Conversion Factor of 1.00% of any USD transaction amount or any USD equivalent amount for transactions made in non-USD. This Factor is included in the converted AUD amount shown on your statement.

2 Includes a NAB Processing Fee of 1.50% plus any Card Scheme Fee charged to NAB and on-charged to you. This Fee is a percentage of the converted AUD amount shown on your statement.

Channel Cash Advance Fee Minimum Fee
NAB Internet Banking 1.00% $1.00 (effective 1 August 2007)
NAB Telephone Banking 1.00% $1.00 (effective 1 August 2007)
NAB ATM 1.50% $1.00
Non-NAB ATM (Aust) 1.50% $2
Overseas ATM1 1.50% $4.00
NAB branch 1.50% $3.00
  1. In the case of cash advances made in currencies other than Australian dollars (AUD), the cash advance amount used to calculate the cash advance fee is the AUD amount posted to your NAB credit card account.

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SECTION 4

BUSINESS LENDING FACILITIES

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Business Loans and Overdrafts

Application Fee Available on application
Service Fees Available on application
Other Fees
Extension Fee Available on application
NAB Business Markets - Cap Rate Premium Available on application
NAB Business Markets - Range Rate Premium Available on application
Prepayment Fee (not applicable to all facilities) $360 (plus any economic cost)1
Progressive Drawdown Fee $60 Per Drawing
Review / Renewal Fee Available on application
  1. Economic cost is the bank's reasonable estimate of its loss (if any) from the early termination of a loan/facility, the early termination of a fixed rate or a prepayment.

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Bank Guarantee (also known
as Guarantee by Bank)

Issuing fee Available on application
Service Fee (also known as Half-Yearly fee) Available on application
At request of foreign bank Available on application

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Bill Facilities

Application Fee Available on application
Bill Drawdown Fee (Charged on initial drawdown and each subsequent rollover) $150
Facility Fee Available on application
Activation Fee Available on application
Floor Cap Premium Available on application
Cap Rate Premium Available on application
Range Rate Premium Available on application
Option Premium Available on application

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Asset Finance Fees

Documentation and Settlement Fees
Equipment Loan1 $295
Lease, Hire Purchase
or Term Rental1 		$324.50 (GST inclusive)
Private Sale (Equipment Loan) $500 or 0.25% of the amount financed, whichever the greater
Sale and Lease/Hire/
Rental Back		 $550 (GST inclusive) or 0.25% (plus GST) of the amount financed, whichever the greater
Specialised documentation $750 or 0.25% of the amount financed, whichever the greater
Other Fees
Equipment Loan Variation Fee (payable on total or partial prepayment) $350
Vehicle security register (if applicable) - search and registration of interest - Equipment Loan $20
Vehicle security register (if applicable) - search and registration of interest - Lease, Hire Purchase or Term Rental $22 (GST inclusive)
  1. Fee applies for standalone facilities and those drawn under a Master Asset Finance Agreement.

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SECTION 5

OTHER SERVICE FEES

Agency Credits 1
Over the Counter deposits to an account using Agency Credit vouchers (e.g. Insurance Agents payments)
50 Agency Credits
per month		 Nil (over-the-counter fees apply)
Then each Agency Credit over the free limit of 50 per month will be charged at: $2 per Agency Credit
Note: these fees are in addition to the fees applicable to your business account (with the exception of NAB Farm Management Accounts and NAB Community Fee Saver accounts) as detailed in this document.
Example: the following fees would apply where an Agency Credit with 3 cheques is deposited over-the-counter into a NAB Business Cheque Account, and the free limit of 50 Agency Credits for that month has been exceeded:
Agency Credit voucher deposited
over-the-counter (1 item)		 $0.90
3 cheques lodged over-the-counter
(3 items)		 $2.70
Agency Credit Fee $2.00
Total $5.60
Agency Credit Deposit Books $5 per book
  1. Payable and debited on the last business day of the month.
Automatic Teller Machines
non-NAB ATM transactions within Australia
Fee for withdrawals and balance enquiries from non-NAB ATMs, per transaction		 $2 plus any other applicable fees (e.g. Electronic Transaction Fee)
Access overseas via PLUS or CIRRUS ATMs
Withdrawal of funds		 $4
Foreign Currency Transaction Fee 1% of Australian dollar transaction amount (applies to withdrawals made in currencies other than Australian dollars)
From 1 May 2007 Foreign currency transaction fee (includes PLUS or CIRRUS foreign currency conversion fees). 2% of Australian dollar transaction amount (applies to withdrawals made in currencies other than Australian dollars)
PLUS or CIRRUS balance enquiry $1
Balance transfers
Establishment Fee per authority $40
Service charge per transaction $1.50
Bank Cheques
Issuing Fee
Customer, per cheque $8 plus stamp duty where applicable
Non-customer, per cheque $15 plus stamp duty where applicable
Repurchase Fee
Customer, per cheque $20 plus stamp duty where applicable
Non-customer, per cheque $20 plus stamp duty where applicable
Replacement Fee
Customer, per cheque (includes issue of replacement cheque) $25 plus stamp duty where applicable
Non-customer, per cheque (includes issue of replacement cheque) $30 plus stamp duty where applicable
Bills - local
Charges will apply whether the bill is recalled, dishonoured, paid or accepted
Presentation of bills payable after sight for acceptance only
Bill (accepted or dishonoured)
Where subsequently held for collection the collection fee will also apply		 $40 per item
Collection or purchase of bills payable at a bank
Per bill $40
Interest charges will also apply to bills purchased per bill. This charge is in addition to the Bill Presentation Fee where applicable.
Collection of  "On Demand" drafts or orders or other bills not payable at a bank
Per bill $40
Collection of cheques not lodged for credit $40 per cheque
Exemptions:
Cheques forwarded for collection of balances of accounts
Cheques and bills received from other banks for payment on a collection basis
Per cheque or bill (fee normally deducted from proceeds) $40
Collections returned unpaid Cheques/withdrawals received for collection of balances of accounts
Re-presentation of bills and cheques dishonoured
Each notice to customer $9
If on a collection basis, each representation $15
Negotiation of "On Demand" drafts or orders or other bills (including brokers' drafts) not payable at a bank
Handling fee for clean drafts, orders, etc or drafts, orders, etc with one document, share certificate and/or transfer $40
Each additional document, certificate and/or transfer $3
Insurance: Where scrip, etc is insured by NAB, insurance premium is to be borne by broker or other party plus a charge of $6.
BPAY® - Billers Fees
Biller Fees (once only Establishment Fees)
NAB BPAY®
Establishment Fee		 $525 (GST inclusive)
each biller code
National Online Corporate
(Financial File Transfer service)		 $163 (GST inclusive)
Customised Biller Validation
Routine - if applicable		 $4400 (GST inclusive)
Transaction Fees
Each debit account transaction $0.99 (GST inclusive)
Each credit card transaction $0.75 (GST inclusive) plus
Merchant Service Fee
Error Correction Fees
Each debit account transaction $1.10 (GST inclusive)
Each credit card transaction $0.85 (GST inclusive)
Reversal Entries No charge

® Registered to BPAY Pty Ltd ABN 69 079 137 518.

Cashing cheques - customer
NAB cheque presented by our customer Nil
Non-Bank Financial Institution cheque drawn on our Bank and presented by member for encashment $3
Other financial institution's cheque presented by our customer $6 plus estimated cost of any STD call
Cashing cheques - non-customer
NAB cheque presented by a non-customer $5
Other bank's cheque presented by non-customer (whether under encashment/negotiation advice or not) 1.5% amount of cheque (minimum $10)
Other financial institution's savings account withdrawal $10 per item
Certificates
Certificates supplied to customers, accountants and auditors, and listing, noting, etc.
Certificates of Balance/Interest Accrued $15 per certificate
Certificates covering
Bank confirmation - audit requests
Bill holdings
Comprehensive certificates supplied for audit
Deeds and documents held
Goods shipped
Each certificate at an hourly rate of $90 per hour (minimum $70 per certificate)
Note: Charge will apply whether documents are held as security or otherwise, and to confirmation of previous certificates.
Coin/Notes Handling Fee
Coin/Notes Handling Fee applies to deposits, withdrawals or the exchange of notes/coin for alternative denominations of notes/coin
Where the value of cash deposits, withdrawals or cash exchange exceeds $5000 or more per day 0.25% of total amount
of cash
Exemption from this fee is deposits through:
Automatic Teller Machine (ATM), Express Business Deposit bags (EBD), Automatic Deposit Machine (ADM) and Outlets where there is no Express Business Deposit box
Change - for non-customers
Coins of all denominations $1 per bag or roll (minimum $4)
Credit transfers - standard
Credit transfers - to other
NAB branches		 Nil
Credit transfers - to other banks
Per transfer by normal credit clearing:
Customer $5
Non-customer $15
   
Plus Cash Handling Fee:
Customer Nil
Non-customer 1.5% on total cash amount (minimum $1)
Plus item fee: $0.50 per item, if more than 20 items
Drawing on account of favoured for Credit
Transfer Fees		 $4 per drawing plus applicable fees
Note: Where encoded debit is provided no fee is charged
Credit transfers - Real Time Gross Settlement
Real Time Gross Settlement payment received from other banks $2.50 per payment received
Debenture interest coupons - collection of
Lodged across the counter -
per coupon each lodgement		 $20
Debentures held for safe custody or security - per coupon each lodgement $20
Debenture and bonds
Collection of matured debentures/ bonds (held at branch) $20 per debenture/bond
Deposit books (multicopy)
Credit Listing (pad of 75 in duplicate) $5
Credit Listing (pad of 50 in triplicate) $5
Credit Listing/Summary Slip Covers $5
Credit Summary (pad of 150) Nil
Duplicate Large Deposit (CD)
(book of 50 in duplicate)		 $5
Agency credit deposit book $5
Triplicate Company Deposit
(book of 50 in triplicate)		 $5
Triplicate Company Agency Deposit
(book of 50 in triplicate)		 $5
Direct Entry system - Bureau user and Direct link user
Establishment Fee Direct Entry1 - Bureau User $215 per user id
(GST inclusive)
Establishment Fee Direct Entry1 - Direct link as per Letter of Offer
Transaction Fee - Credits and Debits $0.15 per item2 (GST inclusive)
Reference Fee $35 per file2,3
Limit Exceed TNA User $54 per file4 (GST inclusive)
Recalls (Credit file only) $54 per file2 (GST inclusive)
Trace requests $76 per item2 (GST inclusive)
Charges related to direct entry debits returned per item
Notice of return $2.755 (GST inclusive)
All returned items
  1. Establishment Fee is payable and debited at the time the service is provided. Transaction Fees are payable and debited either on the day of processing or at the beginning of the month after that for which the fee is charged. Refer to the Terms and Conditions of the delivery channel.
  2. Only applies where NAB is the processing Bank. Should your bureau be planning to lodge files via another Bank, refer to the bureau for that Bank's fees.
  3. Incurred on each referral to Business Banking Manager of a Direct Entry file requiring approval because a Formal Limit is insufficient to process the Instruction. Incurred on day of referral. NAB has the discretion to not apply the Reference Fee to Private Bank customers managed by a Private Banking Manager, Agribusiness customers managed by an Agribusiness Manager, or Corporate and Institutional customers managed by a Corporate Relationship Manager.
  4. Incurred as per 3. Applies where another Bank is the processing Bank.
  5. Incurred for each return. Charged at the end of each month for all returned electronic items received in that month.
Direct Entry system - via National Online Business
or National Online Corporate1
Establishment Fee
Credit user First Direct Entry User ID free then $120 (GST inclusive) per ID
Debit user (National Online Corporate only) $545 (GST inclusive)
per Direct Entry User ID
Transaction Fees
Credits, per item $0.15 (GST inclusive)
Debits, per item (National Online Corporate only) $0.15 (GST inclusive)
Recalls, debit or credit $54 (GST inclusive)
per file recalled
Trace requests $76 (GST inclusive)
per trace for individual transactions or $76
(GST inclusive) per hour for file investigation
Reference Fee
Incurred on each referral to Business Banking Manager of a Direct Payments Payment Instruction requiring approval because either a Formal Limit or Available Funds (where no Formal Limit) is insufficient to process the Instruction. Incurred on day of referral.		 $35 per referral2
Charges related to periodical/direct entry debits returned per item
Notice of return $2.753 (GST inclusive)
All returned items
  1. Establishment Fee is payable and debited at the time the service is provided. Transaction Fees are payable and debited on the first business day of the month after that for which the fee is charged.
  2. NAB has the discretion to not apply the Reference Fee to Private Bank customers managed by a Private Banking Manager, Agribusiness customers managed by an Agribusiness Manager, or Corporate and Institutional customers managed by a Corporate Relationship Manager.
  3. Incurred for each return. Charged at the end of each month for all returned electronic items received in that month.
Dishonour charges
Inward items
The dishonour charge is charged to the customer whose lodged item is returned unpaid by the bank/branch
Dishonoured cheques where special request for facsimile advice is held (fees here incorporate a $4.00 facsimile advice fee)
Charges relating to dishonoured cheques:
Each notice to customer $13
All dishonoured items where no special request for facsimile advice is held
Charges relating to dishonoured items cheques/bills:
Each notice to customer $9
Collection basis, each
re-presentation		 $15
Charges related to periodical/direct entry debits dishonoured per item
Notice of dishonour $2.752 (GST inclusive)
All dishonoured items
Additional to original notice
per copy		 $10
RentCard
Australia Post $15 per notice of dishonour
Pay by Phone $8 (GST inclusive) per notice of dishonour
Outward items
The dishonour charge is charged to the customer whose lodged item is returned unpaid by the bank/branch
Items dishonoured -
each item		 $601
Charge will apply to all debits dishonoured for lack of funds or uncleared funds and cheques considered deliberately post-dated, but not for technical irregularities or stop payments
  1. The fee will be reduced by $10 for Agribusiness customers managed by an Agribusiness Manager.
  2. Incurred for each dishonour. Charged at the end of each month for all dishonoured electronic items received in that month.
EDP services
Customer Transactions Processed
Note: Statements in respect of these services are forwarded to customers who may, if they wish, arrange to have charges debited to their accounts
Details of cheques/agents' credits and off-line cheque sorting
Service(All fees in this table are GST inclusive) Charge per 1000 transactions or part thereof Minimum charge per run
Listing $5.35 $21.45
Cheque sorting $5.35 per 1000 document passes through reader/sorter at DP centre $21.45
Account Reconciliation Service
Cheque sorting (All fees in this table are GST inclusive) Charge per weekly reconciliation Charge per monthly reconciliation
Up to 3000 $42.90 $58.95
3001 - 5000 $48.25 $80.40
5001 - 30,000 $48.25 plus
$3.75 for each 1000 transactions
or part thereof in excess of 5000		 $80.40 plus
$6.95 for each
1000 transactions
or part thereof in excess of 5000
30,001 - 50,000 $142.00 plus
$3.20 for each 1000 transactions
or part thereof in excess of 30,000		 $254.15 plus
$5.90 for each 1000 transactions
or part thereof in excess of 30,000
50,001 or more $206.00 plus
$2.65 for each 1000 transactions
or part thereof in excess of 50,000		 $372.15 plus
$5.05 for each 1000 transactions
or part thereof in excess of 50,000
Note: Charges for two-monthly and three-monthly reconciliations are twice and three times the monthly rate respectively.
Encashment/negotiation advices
Standing facilities to cash business cheques or orders at another branch or bank
Establishment Fee $50
Renewal (annual) Fee $50
Amendments during term $50
A Cash Handling Fee may be charged for amounts in excess of $5,000 per day, non-cumulative.
Execution of finance company agreements/contracts
Obtaining execution of contracts and/or agreements
Per contract or agreement $70 per hour
(minimum $35)
Facsimile transmission of statements or other documents
Charge applies to statements and other documents transmitted at customer's request 1
First page $4
Each additional page $2
  1. Not applicable where incorporated in dishonour charges.
Funds Transfer Fee - Facsimile Request
Incurred when NAB processes written instructions received via letter or facsimile to manually transfer funds to another NAB account or an account with another financial institution. Facsimile written instructions will only be acted on where a facsimile letter of authority is held. 1 $20 per transfer (not per letter or facsimile) plus applicable transaction fees (see Section 5 Teletransfers and Real Time Gross Settlement and Payment from lists)
  1. This fee does not apply to instructions such as NAB Multipay transfers, Periodical Payments, Direct Debits, Cheques and NAB Wheat Advance Facility transfers.
Irregular Account Fee
Each time your account is irregular for each period of 30 and 60 days, the fee will apply and is payable immediately. This fee will be charged, if for example:
  • a loan repayment or any part thereof is unpaid;
  • a transaction account is overdrawn without an approved overdraft limit; or
  • an approved overdraft limit is exceeded; or
  • you do not pay on time any amount due under your account
 $50 1
  1. This fee will be waived for Agribusiness customers managed by an Agribusiness Manager.
Lending Services
Stamping
Lodgement of Documents by bank 1,2 $150
Registration
Lodgement of Documents by bank1,2 eg. Mortgage, Discharge of Mortgage, Life Policy, Bill of Sale $150
Production of Documents
to permit registration by
other parties1,2 		$150
Preparation and/or Execution
Preparation and/or Execution by Bank of Discharge of Torrens Title Mortgage and life policies1,2 (in addition to Legislation Fee when applicable) $150
  1. Applies to each execution by NAB of discharge of Torrens Title Mortgage, preparation of each production of document to permit registration by other parties, registration of Bills of Sale, registration of Life Policies, registration of Torrens Title Mortgages and stamping of documents that form part of Bank security. Where stamping and/or registration of documents is required in more than one State or Territory, the fee applies on a per State/Territory basis to each document.
  2. Charge will not apply to bodies exempt from stamp duty in terms of Stamp Acts in respect of documents which are produced for marking as to exemption.
  3. Documents lodged at separate offices will represent separate transactions and thus each incur the charge, e.g. lodgement of a Registered Mortgage Debenture at the Australian Securities and Investments Commission and lodgement of a mortgage at the Land Titles Office will incur a charge of $300.
Documents surrendered against receipt of money $200 per settlement
Documents received against payment of money $200 per settlement
Inspection of securities
Where the property forms part of the security for a lending facility:
Residential property No charge
Commercial property $220
Charges where Uncertificated Shares Provided as Security Under CHESS (Clearing House Electronic Sub-Register System)
Establishment of Sponsorship and Holder Identification Number (HIN), upon lodgement of a single line of shares into the Mortgagor's HIN
Securities valued 1 at up to $500,000 $120
Securities valued above $500,000 $120 for the first $500,000 plus $33
for every $100,000
(or part thereof)
above $500,000
(GST inclusive)
Additional lines of security
lodged at establishment		 $44 irrespective of value (GST inclusive)
Statement of holdings $33 (GST inclusive)
Statement of transactions $33 (GST inclusive)
Tax File Number (TFN) lodgement2 $44 (GST inclusive)
Takeover acceptance3 $44 (GST inclusive)
All other transactions not otherwise mentioned above or exempted4 $120
  1. Security valuation is the last price quoted at the close of trading on the day before the instruction to establish the holding being issued to the Sponsor, multiplied by the number of shares held.
  2. Must be lodged with the Sponsor no later than two (2) business days prior to the 'ex' date for any distribution
    of income or capital from the company.
  3. Must be notified to the Sponsor no later than two (2) business days prior to the closing date of the takeover offer.
  4. Includes the addition or removal of shares to the Mortgagor's HIN, but excludes the initial receipt of one or more lines of shares at the establishment of the facility and any holding altered by a corporate action, ie bonus, rights and Dividend Reinvestment Plan issues.
Lists received from customer via Multipay1
Multipay Establishment Fee $200 (GST inclusive)
Fee per direct credit transaction

Fee is charged for each payment irrespective of NAB being the payee bank		 $3 (GST inclusive)
  1. Fees are payable and debited upon lodgement of Multipay lists.
Lodgements for credit of third party cheques received through the mail (or delivery) where no deposit slip is provided (e.g. dividends)
Each deposit slip made out
(deducted from amount of deposit)		 $5
Maintenance Fee - National Online Business and National Online Corporate
$15 (GST inclusive) per month
Merchant services
(Payment channels include EFTPOS terminals, Internet, IVR, batch and paper)
Merchant
Establishment Fee		 A once only fee charged upon establishment of the Merchant facility (this fee includes GST)
Imprinter Fee - Electronic Merchants $1.10 (GST inclusive) per imprinter per month
Imprinter Fee - Manual (paper based) Merchants $2.20 (GST inclusive) per imprinter per month.
This fee includes a $1.10 (GST inclusive) participation fee.
Chargeback Fee $25 (GST inclusive)
Merchant Service Fee A Merchant Service Fee is determined based on the value of credit card transactions processed.
Debit Card
Transaction Fee		 A Debit Card Transaction Fee is based on the number of debit card transactions processed. This fee includes GST.
Terminal Fee A Terminal Fee is charged per terminal per month based on the type of terminal. This fee includes GST.
Annual Fee An Annual Fee is charged on the anniversary month of merchant facility establishment.
Access Fee Charged monthly for merchant facilities where credit cards are not presented at the point of sale.
Credit Card Authorisation Request Fee Voice Authorisation Requests (operator assisted) $6.50 (GST inclusive) per request. $0.79 (GST inclusive) per Key Authorisation request (paper based merchants only). These fees apply when you call NAB KEYAUTH on 13 25 15.
Stationery Fee Refer to 'Stationery ordering made easy' document.
Closure Fee (may also be called Termination Fee) May be charged on termination of your Merchant Services to cover the costs associated with the closure of your facility.
Miscellaneous service charge
Charge Rate
 $90 per hour
(minimum $70)
Multiple Funds Transfer Fee1
Applicable where a Multiple Funds Transfer is made via NAB Internet Banking. For example, a payroll file for 20 staff members (i.e. 20 credits) would incur a $4.00 service fee. $0.20 per credit
  1. The Multiple Funds Transfer Fee is debited to the account from which the transfer is made, at the time the regular Account Service Fee or Flat Monthly Fee (as applicable) is charged for that account.
  2. For the NAB Farm Management Account, it is charged annually in arrears on each anniversary of the opening of the account or on the closure of the account, whichever occurs first.
NAB Express Business Deposit
Bags Nil
Note: This does not include Non-Over the Counter transaction fee (refer to Section 1 and 3 of this document).
NAB Internet and Telephone Banking
Fees apply to NAB Internet and Telephone Banking.
Please refer to Section 1 and  2 of this document.
Payments using National Online
Using Domestic Funds Transfer service to credit various accounts at NAB branches or other financial institutions
Overnight $0.20 per transaction to accounts at other financial institutions
Within Day $0.20 per transaction to accounts at NAB
$10 per transaction to accounts at other financial institutions
Urgent $12 per transaction to accounts at other financial institutions
Reference Fee
Incurred on each referral to Business Banking Manager of a Direct Funds Transfer Payment Instruction requiring approval because either a Formal Limit or Available Funds (where no Formal Limit) is insufficient to process the Instruction. Incurred on day of referral.		 $35 per referral1
  1. NAB has the discretion to not apply the Reference Fee to Private Bank customers managed by a Private Banking Manager, Agribusiness customers managed by an Agribusiness Manager, or Corporate and Institutional customers managed by a Corporate Relationship Manager.
Payment from lists - lists lodged at the branch by customer
Accounts at NAB branches $2 (GST inclusive) each credit
Accounts at other banks which require preparation of credit transfer slips,
per payment		 $2 (GST inclusive) each credit (Credit Transfer Fees and Funds Transfer Fees - Facsimile Request may apply - refer below)
For deposits to accounts at another bank, individual deposit slips must be completed
Credit transfers - standard
Credit transfers - to other NAB branches Nil
Credit transfers - to other banks
Per transfer by normal credit clearing
Customer $5
Non-customer $15
   
Funds Transfer Fee - Facsimile Request
Incurred when NAB processes written instructions received via letter or facsimile to manually transfer funds to another NAB account or an account with another financial institution. Facsimile written instructions will only be acted on where a facsimile letter of authority is held. $20 per transfer (not per letter or facsimile).
Periodical debit system - vouchers
Periodical life assurance payments lodged for collection
Voucher entries, per item $10 (GST inclusive)
Periodical Payments
Payable on each payment made from your account under a Periodical Payment Authority
To accounts at the same branch or another branch
Charge per payment $1.80
Exemptions:
Repayments to NAB Business Loans from a NAB Business Cheque Account, a NAB Business Management Account or a NAB Farm Management Account.
To accounts at another financial institution
Charge per payment $5.30
The above fees are in addition to any electronic transactions fee applicable to your account (see 1 and 2)
By bank cheque, international cheque, etc
Service charge per payment $5 plus applicable issuing fee
Payment not made due to lack of funds
Per payment $501
  1. The fee will be reduced by $10 for Agribusiness customers managed by an Agribusiness Manager.
Reference Fee
Each day where debits are paid causing an account to overdraw without an approved facility limit or in excess of a facility limit or each time where an account is already overdrawn or exceeding the facility limit and any further debit is made. $501
  1. The fee will be reduced by $10 for Agribusiness customers managed by an Agribusiness Manager.
References given by the bank for use at auctions
Issuing Fee, per reference $80
Reimbursement drawings under authority
Service charge per drawing $20
Safe custody services
Customer's sealed packets
Custody charge $26.75 (GST inclusive), per packet per year
Exemption:
Existing first packet lodged as at 1 January 1995 is free until further notice. Charge to be made on lodgement and annually thereafter as at 31 May.
Activity charge where consistently more than one access per month:
First access per month Nil
Additional accesses per month, per access $5.35 (GST inclusive)
Customer's locked boxes and double custody items
Custody charge per 8000 cubic centimetres (500 cubic inches) or part thereof $64.20 (GST inclusive) per year or part of year
Charge to be made on lodgement and then annually as at 31 May
Activity charge - where consistently more than one access per month:
First access per month Nil
Additional accesses per month, per access $5.35 (GST inclusive)
Note: Where locked box/double custody item is known to contain computer tape/s, disk/s or microfilm records, minimum annual charge is $70.60 (GST inclusive) plus activity charge of $5.35 (GST inclusive) per lodgement (to be applied as at 31 May on a retrospective basis).
Customer's sealed bags/locked boxes lodged overnight
Flat charge per night $21.40 (GST inclusive)
Charged on lodgement or monthly by arrangement with customer.
Safe Deposit Boxes
Available in Adelaide, Brisbane, Geelong, Melbourne, Perth and Sydney. Fees for this service vary depending on where the service is provided. Details of applicable fees are available on application (please direct all enquiries to the nab customer contact centre - details are on the rear cover of this document).
Scrip and similar transactions
Non-value transactions
Per transaction $80
Charge applies to transactions of the following nature, whether scrip is held as security or otherwise:
Change or correction of name
Delivery of scrip, debentures, etc. to third party without receipt of money
Exchange of stock units
Lodging scrip for conversion etc.
Obtaining transmission receipts
Splitting of certificates
Value transactions
See Documents surrendered against receipt of money or Documents surrendered against payments of money
Search fees
Office of Titles searches and all other searches not performed by NAB's internal legal department
Where carried out by officers of NAB $40 per search plus outlays incurred
Where carried out by professional searching firm on behalf of NAB $35 per search plus searching firm's charge (inclusive of Registrar's Fee)
Company/Business Name Searches
Company search $40 per search (inclusive of Registrar's Fee)
Business Name Search $40 per search (inclusive of Registrar's Fee)
Short term money market transactions
Settlements in respect of lodgement or withdrawal of funds from official or unofficial market. $110 per settlement
Special clearances of bills, cheques, etc.
at customer's request
Where messenger or clerk is specially employed
to clear
On a time basis at the
rate of		 $70 per hour
(minimum $35)
plus out-of-pocket expenses
Where telegraphic, telephone or mail advice of fate is requested
Per item $15
Statements of account - issue of
Repeat statements, requested: $7 per statement
Duplicate statements printed and issued with original statement $4 per statement
Provisional listing $4 per page
Additional fax charge $4 for page one
$2 for subsequent pages
Statements of account - verification of transaction
Less than 1 year since transaction $2.50 per item
(minimum $10)
1 year or more since transaction $5 per item
(minimum $20)
Statements of account - via National Online Business
Per account transaction item listed on account statements as placed in National Online electronic mailbox First 10 transactions free each month,
then $0.15 per transaction or
$120 per month flat fee
Intraday account enquiries $0.50 per connection to NAB
Statements of account - via National Online Corporate
Standard Account Reporting
Per account transaction item listed on account statements as placed in National Online electronic mailbox First 10 transactions free each month,
then $0.15 per transaction or
$120 per month flat fee
Account Reporting with Account Reconciliation
Per account transaction item listed on account statements as placed in National Online electronic mailbox First 10 transactions free each month,
then $0.17 per transaction or
$160 per month flat fee
Intraday account enquiries $0.50 per connection
to NAB
Statement covers $2 per cover
Stop payment request $15 per notice
Cheques reported stolen are exempt from this fee if a copy of the police report is provided
Teletransfers and Real Time Gross Settlement
Flat charge, which includes cost of message:
Customer $35
Non-customer $45
Plus, if to another bank, cash handling fee:
Customer Nil
Non-customer 1.5% of total cash amount (minimum $1)
Note: Where Teletransfer or Real Time Gross Settlement instruction is received via letter or facsimile, Funds Transfer Fee - Facsimile Request will also apply.
Exemption:
Funds representing proceeds of inward overseas telegraphic transfer
Multiple transfers lodged
at the one time to the
same branch		 $27 for first beneficiary,
$7 for each additional beneficiary
Funds Transfer Fee - Facsimile Request
Incurred when NAB processes written instructions received via letter or facsimile to manually transfer funds to another NAB account or an account with another financial institution. Facsimile written instructions will only be acted on where a facsimile letter of authority is held. $20 per transfer (not per letter or facsimile).
Tracing of electronic payment transactions -
Direct Entry or National Online Direct Payments
Per transaction traced $76 (GST inclusive)
per transaction
Tracing of electronic payment files -
National Online Direct Payments
For single/multiple investigative file traces $76 (GST inclusive) per hour for file investigations
Tracing of electronic payment transactions -
National Online Funds Transfer
Per transaction traced $70 per transaction
Tracing of electronic payment files -
National Online Funds Transfer
For single/multiple investigative file traces $70 per hour for file investigations
Transmission of deeds, documents, etc. for inspection, delivery or execution
This excludes finance company contracts and agreements
Flat charge $80
Charge shall not be made where security documents are forwarded for execution.
Vouchers - surrender or production for inspection of paid vouchers
Surrender of paid vouchers $80 per 100 vouchers or part thereof per calendar quarter (minimum $80)
Individual vouchers turned up and produced or selected items held out for inspection
Vouchers processed:
During last year, per item $2.50 (minimum $10)
1 year or more ago $5 (minimum $20)
Where this charge is deemed inadequate for time involved, charge at the rate of $70 per hour
Vouchers held out for inspection by customers, auditors, etc. and subsequent retention by NAB $1 per voucher (minimum $15) plus postage costs and out-of-pocket expenses
Note: Out-of-pocket expenses may be incurred where vouchers are forwarded to another branch for inspection

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SECTION 6

LEGAL SERVICES

(A) General Legal Fee
Review, amend or prepare (as applicable):
Preparing or Amending Guarantees & Indemnities
- non-standard guarantees and bank guarantees, non-standard indemnities, interlocking guarantees, limited recourse guarantees, third party cheque indemnities		 $250 for each
item listed
Reviewing Guarantees & Indemnities
- non-standard guarantees and bank guarantees, non-standard indemnities, interlocking guarantees, limited recourse guarantees, third party cheque indemnities		 $150 for each
item listed
Mortgages, Securities & Associated Documentation
  • mortgage by minors, old system mortgage (and associated discharges), preparing bills of sale (and associated discharges)
  • deeds of charge, standard security documentation amendments, non-standard security documentation, non-standard priority agreements, subordination, priority or postponement documentation
  • simple deed variation, preparing trustee deed of covenant and indemnity
  • tree farm agreements, profit a prendre, deeds of consent/rights of entry, non standard set off documentation, preparing statutory declarations, transactional documentation between customers, security providers and the bank.
 $250 per each
item listed
Specific Business Documentation
  • partnership changes,
  • incorporated association rules
 $250 for each
item listed
Leases, Licences and similar
  • leases of real property, licences, easements, surrender of lease or easement
 $300 for each
item listed
Letters of Credit
  • preparing standby letters of credit
 $350
Convertible Note Deeds
  • reviewing convertible
    note deeds
 $350
Overseas Currency Letters
  • preparing overseas currency letters
 $500
Deeds of Charge
(MLC and similar)
  • preparing deeds of charge (MLC and similar)
 $350 for each
item listed
Other
  • waiver documentation, Non-waiver documentation, undertakings, powers of attorney, novation documentation, ministerial consents, releases, resumptions, stamp duty issues, reviewing company constitutions, mortgages by sub demise of contractual rights or lease, reviewing bills of sale (and associated discharges), transfers by way of discharge, memorandum of common provisions (including assessing any stamp duty concessions), caveats, withdrawal of caveats, discharges not otherwise referred to in this document, Particulars of Agreed Changes and Notices of Agreed Changes.
 $150 for each
item listed
Consents:
Real Property legislation:
  • agreements, covenants, easements, management statements, rights of way, strata plan, subdivisions, transfers by way of discharge, resumption
 $300 for each
item listed
(B) Documentation Review Fee
Review:
Agreements & Deeds
  • confidentiality, franchise or purchase and sale agreement, tripartite agreement or deed, put/call deed, will (power of executors)
 $350 for each
item listed
Trust Deeds
- trust deeds (with no variation)		 NSW, ACT - $500,
Vic, Qld, SA, Tas and NT - $350
WA - $250
Trust Deed variations
- each trust deed variation reviewed		 $150
Other
  • retirement village documentation
  • joint venture agreements and deeds and joint venture security documentation
 $350 for each
item listed
(C) Documentation Preparation Fee
Prepare:
Ship Mortgages and Tripartite Agreements
  • ships mortgage,
  • tripartite agreements and deeds
 $500 for each
item listed
Insolvency Documentation
  • appointment of Receiver (or similar) and/or voluntary administrator
 $350 per each
item listed
Other
  • retirement village documentation
  • stock mortgage
 $350 for each
item listed

Important Notes:

  1. Where:
    1. additional or non-standard work is required to be undertaken in categories (A), (B) or (C); or
    2. any item of legal work not listed in this document is required to be undertaken;
    and the work is performed by NAB's internal legal department, then NAB may impose a further fee of $150 per hour, or part thereof. Where this additional fee applies, you will be informed prior to the work being undertaken.

    Where the work is outsourced by NAB's internal legal department to NAB's external lawyers, the fees set out in this document do not apply and external legal fees will be payable by you. You will be informed of the estimated fees prior to the work being undertaken by NAB's external lawyers. NAB may impose a fee of $150 per hour, or part thereof for supervision, management and review of the work performed by NAB's external lawyers. Again, you will be informed if this supervision, management and review fee is to be charged prior to the work being undertaken.
  2. The fees and charges in this document are in addition to any disbursements incurred by NAB.
  3. NAB may impose an urgent fee of $100 where the work is being performed by NAB's internal legal department in priority to other matters and earlier than the otherwise expected completion time. You will be informed if this urgent fee is to be charged prior to the work being undertaken.

 

(D) Specialised or Complex Documentation Fee
Review, amend or prepare (as applicable):
Deeds
  • deeds of settlement, forbearance deeds/letters, subrogation and associated deeds
 Agreed quotation based on $150 per hour, or part thereof (minimum charge $500) for each item listed
Securities
  • hotel or motel securities
  • securities reviews
  • security preparation
  • management and letting rights
 Agreed quotation based on $150 per hour, or part thereof (minimum charge $500) for each item listed
  • specialised securities not
    otherwise charged
 $350 per item
Finance Documentation
  • facility agreements, securities, security sharing agreements, letters of offer, project finance, managed investment scheme documentation
  • loan and security arrangements for universities, statutory corporations, local councils, religious institutions, responsible entities, superannuation funds, offshore entities and other like bodies
  • non-standard loan documentation, standard loan documentation amendments
Agreed quotation based on $150 per hour, or part thereof (minimum charge $500) for each item listed
Assignments
  • assignment documentation
 Agreed quotation based on $150 per hour, or part thereof (minimum charge $750) for each item listed

 

Enforcement Charges
Where any of the following documents are prepared and issued:
  • Demands/Notice of demand
  • Notices of Cancellation
  • Notices of Termination
  • Notices of default
  • Notices of exercise of power of sale
  • Notices of intention to sell
  • Notices to vacate
  
For the first document prepared and issued for any particular default or matter $120
For each subsequent document prepared and issued for the same particular default or matter $30
Where additional enforcement or recovery action is taken by NAB following the issue of any of the above documents $150 per hour or part thereof
Searches
Real property, bills of sale, business name and company searches performed by Group Legal where such a search is not included in the instructions provided $50 for each item listed. Where multiple searches are effected for a customer, a reduced fee of $20 for each subsequent search after the first will apply

E) Legal costs incurred on Enforcement

Where any of the following documents are prepared and issued:

  • Demands/Notice of demand
  • Notices of Cancellation
  • Notices of Termination
  • Notices of default
  • Notices of exercise of power of sale
  • Notices of intention to sell
  • Notices to vacate
 For each document prepared and issued: $140 for the first addressee and address plus $40 per additional addressee or address

Where any of the following documents are prepared or issued:
Appointment of Receiver / Receiver and Manager / Mortgagee's Agent/Voluntary Administrator $400
Where additional enforcement or recovery action is taken by NAB before or following the issue of any of the above documents, including the sale of property as mortgagee

An hourly rate of $150 per hour or part thereof of outlays incurred

$40 per search plus outlays incurred


Where any of the following searches are performed by Legal Australia: Real property, bills of sale, business name or company searches.

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SECTION 7

GOVERNMENT TAXES AND CHARGES

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Goods and Services Tax (GST)

The GST Clause applies to fees and charges that are not expressed as 'GST inclusive' in this document. However, in the event of a change to the GST rate1, NAB reserves the right to apply the GST clause to all fees in this document.

GST Clause

If NAB is liable to pay goods and services tax or any similar tax (GST) on a supply made in connection with a service referred to in this document, then the Customer agrees to pay NAB (on demand) an additional amount equal to the consideration payable for the supply, multiplied by the prevailing GST rate.

Definition of GST

'GST' a goods and services tax or any similar tax imposed in Australia.

  1. Or any amendment to the GST treatment of a service shown in this document for any reason that results in changing the service from an input taxed supply to a taxable supply.

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SECTION 8

DEFINITIONS

NAB Business Cheque Account, NAB Business Management Account, NAB Business Cash Maximiser, NAB GST Business Offset Account, NAB Community Fee Saver account and NAB Farm Management Account.

Over the Counter deposits, withdrawals and each item lodged on deposit include:
Deposit slips processed over the counter or at Australia Post outlets
Withdrawal slips or cheques cashed over the counter
Deposits or withdrawals made over the counter where a card or card and PIN are used in connectiona with the transactions/s. Note: each deposit transaction and each withdrawal transaction to/from an account is a separate item.
Pinned card activated withdrawals at Australia Post outlets
Each item lodged on deposit
Non-Over the Counter deposits, withdrawals and each item lodged on deposit include:
Deposit slips processed via Non-Over the Counter methods such as Express Business Deposit and Cheque Only Deposit. This includes Express Business Deposits lodged into a Bank Automated Deposit Machine (ADM).
Any other cheques written on an account (withdrawals)
Each item lodged with a deposit ie each cheque paid in with a deposit slip via Non-Over the Counter methods such as Express Business Deposit and Cheque Only Deposit. This includes Express Business Deposits lodged into a Bank ADM. Note: A merchant envelope is counted as one item.
NAB ATM transactions include:
Each deposit and withdrawal made at a NAB ATM
Each item lodged with a deposit slip via a NAB ATM
Note: NAB ATM transactions do not include Express Business Deposits lodged into a Bank ADM
Electronic transactions include:

Transactions to/from your account conducted via NAB Internet Banking (including bill payment BPAY®), NAB Telephone Banking (including bill payment BPAY®), EFTPOS and periodical payments, direct debits, direct credits and other funds transfers to/from your account but do not include:

  • over the counter transactions to/from your account where a card or card PIN are used in connection with the transaction/s; or
  • unless otherwise specified, excludes Multiple Funds Transfers made via NAB Internet Banking

Important Note: Some electronic transactions will also attract a separate fee, as set out in Section 5 - Other Service Fees. For example, a payment from your account made under a Periodical Payment Authority is an electronic transaction and is charged accordingly. A separate Payment fee is also payable.

® Registered to BPAY Pty Ltd ABN 69 079 137 518.
 

Services available for business customers at Australia Post include:
Services:
Deposits, Withdrawals, Account balance enquiries, EFTPOS		 Applicable accounts:
NAB Business Cheque Account
NAB Business Management Account
NAB GST Business Offset Account
NAB Community Fee Saver account
NAB Farm Management Account
Withdrawals from a credit card account are cash advances and, in addition to the Cash Advance Fee, interest will be charged. However, if cash is taken out via EFTPOS the transaction may incur the Over the Counter Fee applicable to the account.

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For more information call 13 10 12

8am-8pm EST, Monday to Friday or visit us at nab.com.au

Hearing impaired customers with telephone typewriters can contact us on 13 36 77

 

©2008 National Australia Bank Limited ABN 12 004 044 937 AFSL 230686 60334A0508

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