Our

approach

Voluntary Tax Transparency Code

We've signed up to the Voluntary Tax Transparency Code.

Tax policy

We have a Group-wide, board endorsed tax policy.

Corporate behaviour

We commit to strong corporate values and behaviors.

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 for an overview of NAB's Tax Policy.

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.

Tax Transparency Report for the year ended 30 September 2016

Australian Taxes Paid

A few pages

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Corporate responsibility approach

Managing our business in a responsible way is key to our vision of becoming Australia and New Zealand’s most respected bank.

Corporate responsibility governance

Our Advisory Council comprises a range of experienced internal and external advisors.

Memberships and recognitions

We participate in industry initiatives to advance and recognise responsible business.

Performance and reporting

Our Annual Reporting suite provides an overview of our corporate responsibility strategy and performance.