Innovation at the NAB

[Rod Clement, Australian Financial Review]

Evan Jones

The National Australia Bank, always on the cutting edge of innovation, appears to have broken new ground in dealing with unwanted clients.

A&A has covered the NAB before (12 November 2005 deals with the seminal case of a Queensland farming couple, the Somersets against whom local staff committed fraud and against whom the NAB head office destroyed through the court system. That piece also refers to pieces on other NAB victims; 1 December 2005 deals with the more recent case of Sante Troiani, whose successful Bundaberg company Wide Bay Bricks was destroyed by the NAB over an extended period in the 1990s; the Troiani case is also dealt with on 14 July 2005).

Below fragments relating to a current case involving the NAB. A strange setup indeed. Reproduced here in the interests of furthering education on that hall of mirrors that is the banking sector.

The NAB has a client in Tasmania, and claims a debt of approximately $190,000.