Benefits and features

Manage the risk of changing income

Easy electronic access to your account

  • You can electronically access your NAB Project Trusts through our user friendly platform, NAB Connect

Get the most from your account

  • Two trust accounts, one account for general and retention funds
  • No account keeping fees
  • Dedicated sales and servicing team to assist you with account establishment.

Eligibility

To be eligible for the NAB Project Trust Account and Retention Trust Account you must confirm you are:

  • A party to a building contract or subcontract in relation to certain building projects in Queensland
  • Required to open certain accounts for the purpose of a building project subject to the operation of the Building Industry Fairness (Security of Payment) and Other Legislation Amendment Act 2020.

More information on the Building Industry Fairness (Security of Payment) and Other Legislation Amendment Act 2020 is available on the website of the Department of Housing and Public Works.

How to apply

Contact your NAB Relationship Manager or alternatively request a call back.

Additional resources

NAB Project Trusts Account (QLD) Flyer (PDF, 4.4MB)

View our Customer guide to NAB Project Trusts for more information on account set-up and managing user permissions.

Important information

NAB recommends you consider the Product Disclosure Statement or other disclosure statement, available from NAB, before making any decisions regarding these products. Please request a copy from your NAB Relationship Manager.

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