Managing our business in a responsible way is key to our vision of becoming Australia and New Zealand’s most respected bank.
Why is this important?
As our operations have a significant impact on the economies and societies we operate within – stakeholders expect transparency on our operations, profitability and impacts.
What do we do?
We have a group-wide, board endorsed tax policy that is subject to annual review. The Chief Tax Officer reports regularly to the Board.
We are a major Australian multinational company which, together with our subsidiary companies and foreign branches, makes a significant contribution to the Australian economy, business landscape and the offshore economies in which we conduct financial services activities.
The corporate behaviour of the Group impacts many stakeholders including customers, shareholders, employees and governments. As a corporate leader, the Group commits to strong corporate values and behaviours, including in our approach to tax.
View the Statement of Tax Principles (PDF, 216KB) for an overview of NAB's Tax Policy.
Australian Tax Transparency Report
In August 2016 NAB signed up to the Voluntary Tax Transparency Code (the Code). NAB’s first report under this Code is below and is in relation to the year ended 30 September 2016.
NAB’s Tax Transparency Report for the year ended 30 September 2017 will be published in mid 2018 after lodgement with the ATO of the consolidated income tax return (due on 15 April 2018).
Download the Disclosure of 2015 Australian Tax Paid (PDF, 236KB)
Download the Disclosure of 2014 Australian Tax Paid (PDF, 889KB)
UK Tax Governance
UK Application of NAB Group’s Tax Policy (PDF, 442KB)
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