National Australia Bank, investors in and bankers for the detention industry | #Divest

The National Australia Bank (NAB) and its associated entities such as MLC, have a substantial shareholding in Transfield Services Ltd

At present, they hold the equivalent of 32,905,059 person’s votes at Transfield Services Ltd shareholder meetings. They have been lobbying to remove the provision which allows 100 shareholders to call emergency shareholder meetings.

They have also arranged Securities Borrowing Agreements that involve Superannuation Funds, large Insurers and Transfield, the actual nature of which has not been disclosed. Those Superannuation Funds are United Super, Telstra Super, UniSuper, VicSuper and CareSuper.

In addition to the above, the NAB partners with the Asylum Seeker Resource Centre, for which they receive Tax-deductibility for any and all donations, a certificate of thanks from the ASRC, acknowledgement of their partnership in ASRC’s Annual Report and related publications.

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National Australia Bank, investors in and bankers for the detention industry | #Divest

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