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(refer to Section 8 for above definitions) NAB Business Management Account
(refer to Section 8 for above definitions) NAB Everyday Business Account
(refer to Section 8 for above definitions) NAB Business Cash Maximiser
Note: The following transaction types are not available on this account:
(refer to Section 8 for above definitions) NAB Community Fee Saver Account
NAB GST Business Offset Account
(refer to Section 8 for above definitions) NAB Business Investment Account
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. (refer to Section 8 for above definitions) Section 2
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| Application fee | Available on application |
| Annual package fee | $500 |
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 |
| 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 | Nil |
| NAB ATM mini-statement | $0.40 per mini-statement |
| 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 | |
(refer to Section 8 for above definitions)
NAB Farm Management Account Overdraft
| Application fee | Available on application |
| Annual facility fee | $400 |
NAB Wheat Advance Facility
| Full recourse facility | |
| Activation fee | $0.35 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.
Section 3
NAB cards for business
NAB Business Card - MasterCard/Visa
| Monthly card fee NAB Business card – each card, each month |
$7.50 |
| Overseas payment order purchased fee Each payment order drawn in currencies other than Australian dollars and tendered in payment of a card account. |
$5 |
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 |
$5 |
The following applies to Business Cards and Business Access Cards
| NAB international transaction fee | |
| 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 | Fee1 |
| Single currency | 2.3% |
| Multi-currency | 2.5% |
| MasterCard | |
| Transaction Type | Fee1 |
| Single currency | 2% |
| Multi-currency (Made with an internationally designated merchant) | 2.5% |
| Multi-currency (Made with an Australian- designated merchant) | 1.7% |
1 Includes a NAB processing fee of 1.5% 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.
| Cash advance fee | |
| Cash advance fee2 (within Australia) | $1.75 |
| At a non-NAB Branch (over the counter) | $4 |
| At a non-NAB ATM (outside Australia) | $4 |
2 Includes via NAB ATM, non-NAB ATM within Australia, NAB Internet Banking, NAB Telephone Banking, NAB Branch, Travelex or Australia Post (Bank@PostTM) outlet (over the counter).
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. |
Abolished |
| 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 |
$5 |
| 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 |
| NAB international transaction fee | |
| 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 Express2 | |
| Transaction type | Fee1, 2 |
| Single currency | 1.5% |
| Multi currency | 1.5% |
1 American Express multi-currency transactions are subject to an American Express currency conversion factor of 1% 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 1.5% 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.
| Cash advance fee |
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You will be charged a percentage of the Cash Advance (in Australian dollars) or a minimum fee, whichever is greater, as set out in the table below, for the channel you use. 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 |
| Channel | Cash Advance Fee | Minimum Fee |
| Cash advance fee1 (within Australia) |
1.75% | $1.75 |
| Overseas ATM2 | 1.5% | $4 |
1 Includes via NAB ATM, non-NAB ATM within Australia, NAB Internet Banking, NAB Telephone Banking, NAB Branch (over the counter).
2 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.
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.) |
0.8% |
| 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.) |
0.2% |
| 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% |
The following applies to all four card accounts outlined above, unless otherwise indicated
Other fees
| Production of Transaction | $5 per item (except where Evidence Fee item was not authorised by the cardholder) |
| Repeat Statement Fee | $7 per statement |
Lost/Stolen Card Replacement Fee
| 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 |
Section 4
Business lending facilities
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.
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 |
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 |
Asset finance fees
| Documentation and settlement fees | |
| Equipment loan1 | $375 |
| Lease, hire purchase or term rental1 | $412.50 (GST inclusive) |
| Private sale (equipment loan) | $500 or .25% of the amount financed, whichever the greater |
| Sale and lease/hire/ rental back | $550 (GST inclusive) or .25% (plus GST) of the amount financed, whichever the greater |
| Specialised documentation | $750 or .25% of the amount financed, whichever the greater |
| Other fees | |
| Equipment loan variation fee(payable on total prepayment) | One month’s instalment(or equivalent for structured transactions) |
| 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.
Section 5
Other service fees
| Agency credits1 | |
| Over the counter deposits to an account using agency credit vouchers (eg. 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 brochure | |
| 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 |
| 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 |
Nil. Note other fees (eg. electronic transaction fees) may still apply |
| 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 | |
| Customer, per cheque | $8 |
| Non-customer, per cheque | $15 |
| Repurchase fee | |
| Customer, per cheque | $20 |
| Non-customer, per cheque | $20 |
| Replacement fee | |
| Customer, per cheque (includes issue of replacement cheque) | $25 |
| Non-customer, per cheque (includes issue of replacement cheque) | $30 |
| 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 |
| Exemptions: | |
| 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 | $51 |
| 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 |
1 Fee is not charged if cheque is cashed at home branch.
| 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 |
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| 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 NAB Direct Link user | |
| Establishment fee direct entry1 – bureau user | $215 per user ID (GST inclusive) |
| Establishment fee direct entry1 – NAB 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 Banker 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 direct debits received in that month
| Direct Entry system – via NAB Connect, 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 (NAB Connect and National Online Corporate only) | $545 (GST inclusive) per Direct Entry User ID |
| Transaction fees | |
| Credits, per item | $0.15 (GST inclusive) |
| Debits, per item (NAB Connect and 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 Banker 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 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 Banker, 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 t he end of each month for all returned electronic items received in that month.
| Pay In Person (Complete Biller Package) | |
| Transaction fees | |
| Each remittance processed | $2.00 (GST inclusive) |
| Each remittance processed using a credit/charge card | $2.00 plus merchant service fee |
| Pay in person chargeback request | $25 per chargeback request |
| Merchant service fee | |
| Visa & MasterCard | A merchant service fee is determined based on the value of credit card transactions processed. For more information refer to merchant service fee on page 32 |
| American Express | |
| Dishonour charges | |
| Inward items The dishonour charge is charged to the customer whose lodged item is returned unpaid by the bank/branch |
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| Dishonoured cheques where special request for facsimile advice is held (fees here incorporate a $4 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 | $2.751 (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 | $602 |
| 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 Incurred for each dishonour. Charged at the end of each month for all dishonoured electronic items received in that month.
2 The fee will be reduced by $10 for Agribusiness customers managed by an Agribusiness manager.
| 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 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 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 request1 | |
| 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.2 | $20 per transfer (not per letter or facsimile) plus applicable transaction fees (see Teletransfers and Real Time Gross Settlement page 43 and payment from lists page 37) |
2 This fee does not apply to instructions such as NAB Multipay transfers, periodicalpayments, 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 |
$501 |
1 This fee will be waived for Agribusiness customers managed by an Agribusiness manager.
| Lending services | |
| Stamping | |
| Lodgement of documents bybank2, 3 | $150 |
| Registration | |
| Lodgement of documents by bank2, 3 eg. mortgage, discharge of mortgage, life policy, bill of sale | $150 |
| Production of Documents to permit registration by other parties2, 3 | $150 |
| Preparation and/or execution | |
| Preparation and/or execution by bank of discharge of Torrens Title mortgage and life policies2,3 (in addition to legislation fee when applicable) | $150 |
2 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.
3 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.
Documents lodged at separate offices will represent separate transactions and thus each incur the charge, eg. 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 valued1 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 |
$3.50 |
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 (eg. dividends) | |
| Each deposit slip made out (deducted from amount of deposit) | $5 |
| Channel Fees – NAB Connect | |
| Monthly access | $20.00 (GST inclusive) per month |
| Security token (initial) | $15.00 (GST inclusive) per token |
| Security token (replacement) | $15.00 (GST inclusive) per token |
| 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 |
| Chargeback fee | $25 (GST inclusive) |
| Merchant service fee | A Merchant Service Fee is determined based on the value of credit card transactions processed. A minimum monthly Merchant Service Fee (MSF) of $22 for the acceptance of credit card, debit card and China Union Pay transactions will be charged in any month where the total MSF payable is less than twenty two dollars ($22). A $15 per month (GST inclusive) minimum MSF will apply to paper based merchants, if the MSF for the acceptance of credit and debit card transactions in any one calendar month is less than $15 (GST inclusive) |
| Transaction fee | A transaction fee is based on the number of transactions processed. For EFTPOS this only applies to debit card transactions. 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 for processing card transactions for telephone, mail and/or internet orders |
| 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 NAB Stationery Brochure. All prices in the brochure include GST and postage costs. |
| Upgrade fee | $130 (GST inclusive) per terminal may be charged when you change your terminal from one type to another. |
| Terminal replacement fee | Up to a maximum of $1,074 (GST inclusive) per terminal which is lost, stolen, or damaged. |
| Closure fee | $150 (GST inclusive) per terminal is 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 (ie. 20 credits) would incur a $4 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.
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.
| Coin Swap Machine Exchange Fee | |
| Where proceeds counted by coin swap machine are not deposited directly to a NAB account. | 10% of total value counted is charged |
| NAB Express Business Deposit | |
| Where proceeds counted by coin swap machine are not deposited directly to NAB account | 10% of total value counted is charged |
| NAB Express Business Deposit | |
| Bags | Nil |
Note: This does not include non-over the counter deposits, withdrawals and each item lodged on deposit transaction fee (refer to Section 1 and 2 of this brochure)
| NAB Internet and Telephone Banking | |
| Fees apply to NAB Internet and Telephone Banking, so refer to Section 1 and 2 of this brochure |
| Payments using NAB Connect | |
| Domestic payment (overnight) | $0.20 per payment |
| Domestic payment (urgent) | $12.00 per payment |
| International payment | $20.00 per payment |
| 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 Banker 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 | $5 (GST inclusive) each credit |
| Accounts at other banks which require preparation of credit transfer slips, per payment | $5 (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 Section 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 brochure). | |
| 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 on page 30 | |
| 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 (excludes unregistered foreign titles) | |
| Company search | $40 per search (inclusive of registrar’s fee) |
| Business name search | $40 per search (inclusive of registrar’s fee) |
| Unregistered foreign entities | |
| Company/Business name searches | $300 per search plus an hourly rate of $90 per hour or part thereof |
| 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 NAB Connect | |
| Online Statements | Available on request |
| 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, National Online Direct Payments or Direct Credit, Payroll and Executive Payroll via NAB Connect | |
| Per transaction traced | $76 (GST inclusive) per transaction |
| Tracing of electronic payment files – National Online Direct Payments or Direct Credit, Payroll and Executive Payroll via NAB Connect | |
| For single/multiple investigative file traces | $76 (GST inclusive) per hour for file investigations |
| Tracing of electronic payment transactions – National Online Funds Transfer or NAB Connect Domestic payments (for payments that do not require a Direct Entry User ID) | |
| Per transaction traced | $70 per transaction |
| Tracing of electronic payment files – National Online Funds Transfer or NAB Connect Domestic payments (for payments that do not require a Direct Entry User ID) | |
| 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 | |
| Customer Vouchers Online | |
| Voucher retrieval via NAB Connect | $1 per voucher |
International Payments
| International Drafts/Cheques Outward | |
| Drawn on banks with currency/AUD arrangement with NAB | $15 |
| Drawn on banks without currency/AUD arrangement with NAB | $25 |
| Refund/Reissue (this charge covers the cost of placing a ‘stop’ where the original cheque has been lost/stolen) | $30 |
| Repurchase | $20 |
| Telegraphic Transfers Outward (sent overseas) | |
| International Transfer via NAB Internet Banking (in Australian dollars and foreign currency) | $22 |
| Over The Counter (in Australian dollars and foreign currency) | $30 |
| Pursuant to Facsimile Letter of Authority (in Australian dollars and foreign currency) | $35 |
| Enquiries regarding payment (International Drafts/Cheques and Telegraphic Transfers) | |
| General enquiries or investigations, at a customer request, that require SWIFT messaging | $25 |
| Cancellation of telegraphic transfers: | |
| Cancellation of telegraphic transfers | $20 |
| International Drafts/Cheques Inward (received) | ||
| Customer1 | Non-Customer | |
| In overseas currency and purchased: Payable outside Australia (overseas): | ||
| Includes drafts, cheques and dividend warrants etc. and negotiations under traveller’s letters of credit | ||
| Up to and including the equivalent of $10 | Free | $20 |
| Over the equivalent of $10 | $10 for each purchase | $20 for each purchase |
| Payable in Australia: | ||
| Drawn on another bank and forwarded for collection | $40 | $60 |
| Drawn on NAB | $10 for each purchase | $20 for each purchase |
| In Australian dollars and purchased: | ||
| Drawn on NAB | Free | $10 if cashed |
| Payable outside Australia | $40 | $60 |
| Sent for collection in Australian or overseas currency payable outside Australia | $40 (GST inclusive) | $60 (GST inclusive) |
| Dishonour of overseas cheques | ||
| Customer | Non-Customer | |
| Dishonour of overseas cheques | $30 | $30 |
1 In section 5 means existing NAB account holder.
| International Transfers Inward (received) | ||
| Transfers to NAB in Australian or overseas currency: | ||
| Deposited to NAB account | $6 – $122 | |
| Deposited to non-NAB account | $15 – $252 | |
| NAB Customer | Non-NAB Customer | |
| Transferred to another bank unconverted | $35 | $35 |
2 Fee depends on currency and level of commission paid to overseas bank. Fee may include a commission of up to 50% of total fee; eg fee of $12 for an International Transfer deposited to a NAB account may include a commission of up to $6.
| Travel Money | |
| All Customers | |
| Foreign Currency Notes (Issued) | 1.10% of AUD equivalent (min $10) (GST inclusive) |
| Foreign Currency Notes (Cashed) | 1.10% of AUD equivalent (min $10) (GST inclusive) |
| Travellers Cheques (Issued) | 1.10% of AUD equivalent (min $10) (GST inclusive) |
| Cash Passport1 (Issued) | 1.10% of AUD equivalent (min $10) (GST inclusive) |
| Cash Passport1 (Reloaded) | 1.10% of AUD equivalent (min $10) (GST inclusive) |
1 Other fees and charges apply to this product in addition to those charged by NAB. For details please refer to Cash Passport Customer Terms and Conditions.
| Travellers Cheques (Cashed): | ||
| NAB Group Issued | Non-NAB | |
| Australian and foreign currency | Free | $5 |
Section 6
Legal services
| (A) Transaction legal fees | |
| Where, as a condition of NAB providing a loan, taking a security, consenting to an amendment to a loan or security or providing banking accommodation, any of the following documents are reviewed, amended or prepared by NAB’s internal legal department, the legal fee will be as detailed below: | |
| Reviewing – • bank guarantees, bills of sale, non- standard guarantees, indemnities, loan/ facility agreements (non-standard), memorandums of common provisions (for stamp duty concessions), ministerial consents, mortgages of contractual rights, mortgage of lease consents, non- waiver letters, resumptions/agreements for resumption, stamping documentation and associated issues, undertakings Preparing – • caveats, caveat withdrawals, discharges/ releases (statutory form), non-waiver letters, transfers by way of discharge, undertakings (standard), waiver documentation |
$180 for each item listed |
| Reviewing – • deeds of consent/rights of entry, standby letters of credit, postponement deeds, powers of attorney, priorities, subordination documentation (short form), trust deed variation (where trust deed reviewed by NAB’s internal legal department on a previous occasion) Preparing, amending – • bill of sale – discharges, deeds of consent/rights of entry (no negotiation), loan/facility agreements (standard), mortgages (old system) (and associated discharge), security documentation, statutory declarations, third party cheque indemnities, trustee deeds of covenant and indemnity, undertakings (non standard) |
$250 for each item listed |
| Reviewing and consenting – • licences, partnership amendment documents, plans of subdivision/other property plans or dealings (standard), surrenders of lease/easement, company titles, constitution (memorandum of articles of association) Preparing, negotiating and amending – • bank guarantees, discharges/releases (deed/long form), guarantees, indemnities, interlocking guarantees |
$300 per each item listed |
| Reviewing and consenting –• aged care/retirement village documentation, confidentiality agreements, convertible note deeds, easements/rights of way (standard), financial planner representative/business agreement, franchise agreements, hire agreements, leases (standard/ statutory form), partnership amendment documents, put/call deeds, tree farm agreements, tripartite agreements/deeds Preparing, negotiating and amending – • aged care/retirement village documentation, confidentiality agreements, deeds of variation and release, joint venture security documentation, franchise deed (content previously agreed with franchisor), set-off documentation (non-standard), subordination documentation (long form), letters of exclusion, mortgages of contractual rights, mortgages of lease/sub demise, mortgages (stock) – without stock memorial, novation deeds, postponement deeds, applications to amend name on title (application and declaration), assignments of book debts/goods mortgage, bills of sale, charges (fixed and floating), priorities |
$350 per each item listed |
| Reviewing – • trust deeds (with no variations) not previously reviewed by NAB’s internal legal department, wills (powers of trustees under testamentary trust) |
$380 for each item listed |
| Reviewing – • franchise agreements (franchise system not previously reviewed by NAB’s internal legal department), joint venture agreements, rules (constitution) of incorporated association, supply contracts (customer and third party) Preparing, negotiating, amending – • deeds of charge, deeds of consent/rights of entry, security interests in goods |
$400 for each item listed |
| Reviewing and consenting – • leases (long form) Preparing, negotiating, amending – • franchise deeds (not previously agreed with franchisor), financial planner deed |
$450 for each item listed |
| Leases (with variation or transfer) – reviewing/consenting |
$480 |
| Reviewing and consenting – • easement/right of way (complex), plans of subdivision/other property plans or dealings (complex), purchase/sale agreements, assignment documentation, management and letting rights documentation Preparing, negotiating, amending –• mortgages (stock) – with stock memorial, tripartite agreements/deeds, company title (constitution, consent to security, direction and undertaking), management and letting rights securities, guarantees/ indemnities/agreements/deeds relating to lending superfunds |
$500 for each item listed |
| Reviewing trust deeds (including one variation) not previously reviewed by NAB’s internal legal department | $530 |
| Reviewing trust deeds not previously reviewed by NAB’s internal legal department, with multiple variations | $530 for the trust deed and for the first variation plus $250 for each further variation |
| Reviewing and consenting leases/ agreements for lease Preparing overseas currency letters | $600 for each item listed |
| Security reviews | $700 |
| Reviewing security sharing agreements Preparing, reviewing, negotiating, amending – • assignment documentation, business letters of offer, corporate letters of offer • loan and security arrangements for universities, statutory corporations, local councils, religious institutions, responsible entities, offshore entities and other like bodies |
$750 minimum for each item listed plus an additional charge depending on complexity of the matter and nature and extent of legal work required |
| Mortgages (ships) – • searching, preparing and registration |
$1,000 |
| Mortgages (ships) plus fishing licence – • searching, preparing and registration |
$1,200 |
| Reviewing managed investment scheme documentation (prospectus, constitution, ASIC search, AFS licence, custodian agreement) | $1,400 minimum plus an additional charge depending on complexity of the matter and nature and extent of legal work required |
| Mortgages (ships) plus transfer of fishing licence – searching, preparing and registration | $1,500 |
Important notes:
1 Where:
(a) additional or non-standard work is required to be
undertaken “in relation to an item listed” in category A; or
(b) any item of legal work not listed in category A is required to be undertaken;
(including, but not limited to, reviewing proposed loan/ security structures) and the work is performed by NAB’s internal legal department, there will be a fee for all such work of an amount determined by the complexity of the matter, the nature and extent of the legal work required and an assessment of how long it will take for the additional legal work to be performed. This fee shall be in addition to fees specified above.
Where such work is assessed by NAB’s internal legal department as being capable of being performed by a paralegal, the fee amount will be based on an hourly rate of $180 per hour or part thereof with a minimum additional charge of $180.
Where such work is assessed by NAB’s internal legal department as requiring to be performed by legal counsel, the fee amount will be based on an hourly rate of $250 per hour or part thereof with a minimum additional charge of $250.
Where such work is assessed by Legal Australia as requiring to be performed by senior legal counsel, the fee amount will be based on an hourly rate of $320 per hour or part thereof with a minimum additional charge of $320.
Where such fees apply, you will be informed before the work is done.
Where the work is assessed by Legal Australia as requiring to be performed by senior legal counsel, the additional charge will be based on an hourly rate of $320 per hour or part thereof with a minimum additional charge of $320.
Where this additional fee applies, you will be informed before the work is done.
Where the work is outsourced by NAB’s internal legal department to NAB’s external lawyers, the fees set out in this brochure 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 an additional fee for supervision, management and review of the work performed by NAB’s external lawyers depending on the complexity of the matter, the nature and extent of the legal work required and depending on whether a legal counsel or a senior legal counsel in NAB’s internal legal department will perform the work.
Again, you will be informed if this supervision, management and review fee is to be charged before the work is done.
2 The fees and charges in this brochure are in addition to any disbursements incurred by NAB.
3 NAB may impose an urgent fee of $200 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. Where this additional fee applies, you will be informed before the work is done. As per request you will be informed if this urgent fee is to be charged before the work is done.
| (B) Search fees | |
| Where a search is required before the Bank’s internal legal department can perform any work, then in addition to the disbursements incurred in performing the search, the following charges will apply: | |
| • real property, personal property, bills of sale, business name, company searches | $60 for each item listed. When multiple searches are required to be affected for a customer, an additional fee of $20 for each subsequent search will apply. |
| (C) Legal costs incurred on Enforcement | |
| Where the following enforcement documents are reviewed, prepared or issued the following charges will apply: | |
|
• Notice of Demand or Default • Notice of Cancellation or Termination • Notice of exercise of power of sale or intention to sell • Notice to vacate |
For each document prepared and issued: $140 for the first addressee and address plus $40 per additional addressee or address |
|
• Receiverships Appointments • Voluntary Administration Appointments • Deeds of settlement • Deeds or letters or forbearance • Deeds of variation/extension |
Minimum of $500 for each item listed plus an additional charge at an hourly rate of $200 per hour or part thereof depending on complexity of matter and nature and extent of legal work required. |
| 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 $200 per hour or part thereof plus outlays incurred |
Section 7
Government taxes and charges
Goods and Services Tax (GST)
The GST Clause applies to fees and charges that are not expressed as ‘GST inclusive’ in this brochure. 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 brochure.
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 brochure, 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 brochure for any reason that results in changing the service to a taxable supply.
Section 8
Definitions
NAB Business Cheque Account, NAB Business Management Account, NAB Everyday Business 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 connection with the transaction/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 Everyday Business 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, inaddition 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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