Why do we need this information?

It’s important to be prepared if you’re planning to run your business as a partnership or joint venture and need to open an account. 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 a partnership or joint venture 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 and all partners will need to provide identification documents as per the individual checklist unless they’re existing NAB customers. As part of our ongoing due diligence, individuals who have been NAB customers prior to 12 December 2007 may be asked to provide ID documents again.

Information required

  • Full name of the partnership or joint venture

  • Full business name of partnership as registered under any Commonwealth, State or Territory business names legislation, if applicable

  • ABN (if Australian) or a government issued ID number from a foreign authority, if applicable

  • Australian Registered Body Number (ARBN), if applicable

  • Date of establishment

  • Country in which the partnership was established

  • 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

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

  • Registered address (if registered address is not available, the country in which the partnership was established)

  • Trading address (if different from registered address)

  • Full name, residential address, date of birth, and foreign tax status (if any), of each Beneficial Owner

  • Full name, address, date of birth, and foreign tax status (if any), of all partners (if individuals)

  • If any individuals are a citizen or resident of any foreign country for tax purposes, provide Tax Identification Number (TIN)

  • Foreign Account Tax Compliance Act (FATCA)/Common Reporting Standard (CRS) information of the partnership or joint venture

  • Any signatories

  • Any joint account holders

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

  • Confirmation of the regulated status of the partnership through reference to the current membership directory of the relevant professional association (if applicable)

If partners are a company and/or trust

For company partners

For trust partners

Documents required

For registered partnerships

  • Document evidencing current membership of the professional association e.g. CPA, Chartered Accountants, Real Estate Institutes, if applicable

  • The full partnership agreement (if available, or the original or a certified copy or certified extract of minutes of a partnership meeting)

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.

Partnership checklist (PDF, 61KB), opens in new window

Get in touch

Contact us

Explore our business banking contact information and get support with a wide range of products, services and topics.

View all business banking contacts

Visit a NAB branch

Our business bankers are located all around Australia.

Find a NAB business banking centre

Terms and Conditions