The Finance Sector Union of Australia has called upon members at NAB to take part in an urgent audit of their pay to determine the extent of the bank's failure to properly remunerate its staff.
Wendy Streets from the FSU said earlier this year the union asked NAB to investigate the issue of 40-hour contracts for Groups 3 & 4 staff, where we believed the contracts should be 38 hours.
"This has been a long-running issue with workers at NAB concerned they had not been properly paid for several years," Ms Streets said.
"The FSU previously sought a legal opinion which justified our concerns about underpayment problems at the bank and payment of contracted workers is now one of several significant issues which will be investigated by consultants PWC and KWM."
"We have secured a commitment from NAB that 'no stone will be left unturned' in this process, which is expected to take until at least the end of the year."
"The discovery of a major underpayment problem at NAB was revealed because union members complained to the FSU which then put pressure on the bank to take staff complaints seriously."
"We have now learned that that up to 1500 staff have been systematically underpaid in a process going back more than a decade."
Ms Streets said union members at NAB were being asked to document any concerns they have about their pay which will then be passed onto investigators in order to assist NAB to fully account for its failure to manage payments to its staff.
She said large numbers of staff had already received backpay to cover the underpayments.
