Why do we need this information?

It’s important to be prepared if you’re planning to run your business as an Australian company. Our checklist contains all the information we require to establish you as a customer and complete your business application. Further information may be collected from you to support the establishment process, if required.

All customers applying for a new business account as an Australian company must complete the identification procedures for the purposes of Anti-Money Laundering and Counter Terrorism Financing laws.

Please note that each signatory operating on the account as well as all Beneficial Owners  will need to provide identification documents as per the individual checklist unless they are existing NAB customers. As part of our ongoing due diligence, individuals who are existing NAB customers since 12 December 2007 may be asked to provide ID documents again.

Information required

  • The full company legal name as registered with ASIC

  • The full business name which includes any trading names (if applicable)

  • Australian Company Number (ACN)

  • ASIC registration status (i.e. registration as a public or proprietary company)

  • Date of incorporation or registration

  • The nature and purpose of your intended banking relationship with NAB

  • Your wealth – the activities that have contributed to your wealth to date and which countries did it originate from

  • Nature of business or industry – all activities of the business

  • Registered office address

  • Principal place of business address and mailing address if different to your principal place of business address

  • If your business is a resident of any other country for tax purposes (this is required under Foreign Account Tax Compliance Act (FATCA) / Common Reporting Standard (CRS) regulations)

  • For Directors and Beneficial Owner/s – full name, residential address, date of birth, country(ies) of citizenship and if they are a resident of a foreign country for tax purposes, provide Tax Identification Number (TIN)

  • Any signatories

  • Any joint account holders

  • Any agent or verifying officer (VO) of the customer

Next steps

  • Organise all required individuals to provide identification documents at a NAB branch or their banker. Where we have your consent, we may be able to verify your identity electronically

  • Arrange a time to complete the onboarding process with your banker

  • Provide or email information and relevant documents to your banker

Australian companies checklist (PDF, 83KB), opens in new window

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