Managing our business in a responsible way is key to our vision of becoming Australia's leading bank, trusted by customers for exceptional service.
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, 303KB) 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 has published two reports under this Code which are below.