PayCheckR / Enterprise agreements / AE521487

National Australia Bank enterprise agreement pay rates

This page lists the pay rates in the National Australia Bank enterprise agreement (AE521487). The agreement was approved by the Fair Work Commission and sets the minimum pay for the staff it covers. The rates below are the agreement minimums; overtime, penalties and allowances can lift what you actually take home.

Who this agreement covers

National Australia Bank. Three colleague groups (G1, G2, G3) with annual Fixed Reward minimum pay rates.

Rates last updated 26 August 2026.

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Agreement details

Code
AE521487
Industry
Financial and Insurance Services
Ordinary hours
38 per week
Casual loading
25%
Union
FSU
Nominal expiry
31 December 2026

Minimum pay rates

Full-time pay runs from $1,298.08 per week ($34.16 per hour) at the entry level up to $2,144.23 per week at the top, across 3 classifications. A few examples:

ClassificationWeekly (full-time)Per hour
Group 1: ColleagueEntry-level NAB role. Customer service, operations, branch teller.$1,298.08$34.16
Group 2: ColleagueMid-level NAB colleague. Banking consultant, lender, customer service specialist.$1,711.54$45.04
Group 3: ColleagueSenior NAB colleague. Branch leadership, business banker, specialist roles.$2,144.23$56.43

What else it sets

  • Penalty rates for weekends, public holidays and overtime.
  • 6 allowances (for example District allowance - Remote, Meal allowance, Representative duties allowance).

The exact penalty multipliers and allowance amounts are applied when you check your pay.

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Rates are sourced from Fair Work Commission data and shown as a guide. They can change, and your circumstances may differ. Verify against your payslip and the official instrument before acting. For advice, contact the Fair Work Ombudsman on 13 13 94 or a registered employment lawyer.