Chairman of the National Australia Bank

Australian Guardians is posting the following question on behalf of the 12 Million Members and Beneficiaries of Government Regulated Superannuation Funds:

“Given that the National Australia Bank has a duty of care to the beneficiaries of Trust Accounts operated by the bank, can the Chairman, Mr Michael Chaney, provide assurances that the National Australia Bank will not release funds from the Trust Accounts of any Government Regulated Superannuation Fund once the bank has been placed on notice that their maybe a misapplication of the moneys from these Trust Accounts until:

(i) the bank has made those inquires that a reasonable and honest banker would make, and

(ii) received written responses that would be acceptable to a reasonable and honest banker?”

 

 

 

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