23 October 2020

The following quotes can be attributed to Julia Angrisano, National Secretary, Finance Sector Union of Australia:

“Wage theft is the new model for big business. Stealing is wrong, and today we have another major finance sector employer which has been found out for underpaying workers.”

“NAB is one of our most profitable companies and yet they have been ripping off workers.”

“This is one of the biggest provisioning for underpayment of wages in Australian history, $128 million for this current bank financial year to both current and former staff that goes back as far as 2012.

“Workers should be able to trust their employer to pay them properly and yet a top ten ASX companies has been getting it wrong for years.”

“It is disappointing that this issue had to be revealed by complaints from union members in the first place but the lack of compliance and checking of systems at regular intervals beggar’s belief and requires a significant uplift in internal processes to ensure this never happens again.”

“NAB employees work hard for their salaries and deserve to be properly and fully compensated.”

“We urge the bank to make quick and full restitution of under payments to affected staff.”

Media contact John Hill 0412 197 079

Authorised by Julia Angrisano, National Secretary