In this video discussing NAB’s 2025 Half Year Results, NAB CEO Andrew Irvine outlines how NAB is managing well during challenging operating conditions, and how Australia is well positioned for economic growth during this period of geopolitical uncertainty.
Mr Irvine also reflected on NAB’s refreshed strategy, reiterating the bank’s customer-centric focus to be simpler and faster and drive customer advocacy.
NAB Group CEO Andrew Irvine said the bank was managing its business well in continued challenging operating conditions.
“NAB is in good shape, has a clear strategy and the business is well placed for the long term,” Mr Irvine said.
NAB’s performance
Six months ago, the bank refreshed its strategy to be a more customer-centric, simpler and faster organisation.
“We have plenty of work ahead, but NAB is tracking in the right direction,” Mr Irvine said.
“We have three clear priorities – growing our core business banking franchise, driving our performance in deposits, and improving in proprietary home lending.”
Mr Irvine said NAB’s business bank was a key differentiator in a highly competitive market.
He shared NAB competes from a position of strength, with the benefit of scale and expertise across our franchise, powered by deep customer relationships.
“I’m pleased NAB is the biggest business lender and we are now the largest bank in business deposits and have improved our share of household deposits.
“During the past six months, we have increased our share of SME lending. We want to grow this business, not simply defend it.”
NAB’s interim dividend of 85 cents puts $2.6 billion back in the hands of shareholders.
“As more than 40% of our shareholders are retail investors, this is significant for the many mums and dads and retirees who depend on dividends for their income,” Mr Irvine said.
“While we are getting simpler, faster and more focussed on customers, safety and stability will always be a feature of NAB, and our balance sheet settings remain strong.”
Australian economy is well placed
On the economy, Mr Irvine said the first few months of this year have witnessed dramatic shifts in global economic policy.
“I expect unpredictability and volatility will persist for a while yet.
“Uncertainty might be uncomfortable for businesses and households, but overall Australia entered this period in good shape.
“Low unemployment, easing inflation and anticipated growth are all helping.
“This provides capacity for future cash rate cuts to help offset any further global headwinds.”
The ASX announcement and NAB CEO 2025 Half Year Results VNR is available for download at the bottom of this article.
Watch NAB CEO Andrew Irvine discuss NAB’s 2025 Half Year Result in this video.
We’ve introduced two new features in the Super Enquiry System (SES) to improve how you manage fund requests.
Team Accounts
You can now create a team account in SES, linked to a shared mailbox. This allows multiple employees within your fund to receive and view request notifications.
An individual user will have to login as per the current process to lodge a request. SES users can then share the request with the Team account and a notification email will be sent to the mailbox linked to Team account notifying all members.
ATO-initiated requests
For certain issues, we will send ATO-initiated requests through the SES instead of via email.
If we send you a request:
You’ll receive a notification email in your Team account’s mailbox.
Log in to SES, locate the request under ‘ATO-initiated’, and respond before the due date.
If we don’t receive a response, we’ll follow up with your nominated contact person.
Looking for the latest news for Super funds? – You can stay up to date by visiting our Super funds newsroom and subscribingExternal Link to our monthly Super funds newsletter and CRT alerts.
Have you purchased or are you purchasing a business asset this financial year? The instant asset write-off limit is $20,000 for the 2024-25 income year.
If your business has an aggregated annual turnover of less than $10 million and uses the simplified depreciation rules, you may be able to use the instant asset write-off to immediately deduct the business part of the cost of eligible assets:
The full cost of eligible depreciating assets costing less than $20,000 that are first used or installed ready for use for a taxable purpose between 1 July 2024 and 30 June 2025.
New and second-hand assets can qualify; although some exclusions and limits apply.
If you claimed an immediate deduction for an asset’s cost under the simplified depreciation rules in an earlier income year, you can also immediately deduct the first improvement cost for that asset if it is incurred between 1 July 2024 and 30 June 2025 and less than $20,000.
The $20,000 limit applies on a per-asset basis, so you can instantly write off multiple assets as long as the cost of each asset is less than the limit.
The usual rules for claiming deductions still apply. You can only claim the business part of the expense, and you must have records to prove it.
Remember, it’s important to keep good records to help you or your tax professional work out your claim. For more information, see Record keeping for small business.
Lodging a general purpose financial statement (GPFS) is a crucial step for various entities in Australia. Under section 3CA of the Taxation Administration Act 1953 , you’re required to submit a GPFS if you are:
a corporate tax entity (that is, a company, corporate limited partnership, or public trading trust) for the income year
a country-by-country reporting entity for the income year
an Australian resident or a foreign resident operating an Australian permanent establishment (PE), at the end of the income year.
If you’re a subsidiary member of an accounting group, but not a member of a tax consolidated or multiple entry consolidated (MEC) group, you may still have an obligation to lodge a GPFS even where your parent entity may have already lodged.
However, if you lodge a trust or partnership tax return, there’s no obligation under section 3CA to lodge a GPFS.
To ensure your GPFS meets the necessary standards, your entity must prepare it in accordance with applicable accounting standards. It’s important to note that we don’t accept special purpose financial statements (SPFS) as GPFS.
Entities must lodge their GPFS by the company tax return due date, unless they’ve already lodged with ASIC. To avoid penalties, lodge your statements on time, and in the approved form. Penalties are considerably higher for significant global entities.
We have tailored communication channels for medium, large and multinational businesses, to keep you up to date with updates and changes you need to know.
email notifications about new and updated information on our website – you can choose to receive updates relevant to your situation. Choose the ‘Business and organisations’ category to ensure your subscription includes notifications for more Business bulletins newsroom articles like this one.
Source: Northern Territory Police and Fire Services
A convenor facilitates each restorative process, known as a conference.
In brief:
Restorative justice is a voluntary process available to victims of crime.
The process allows victims to meet with the offender.
This story covers the benefits of restorative justice and how it works in the ACT.
Restorative justice has been available in the ACT since 2005.
It is a voluntary process that supports victims of crime and their families to safely meet with the offender.
The process responds directly to the victim’s needs. It can support their healing and increase feelings of safety.
For victims
Restorative justice gives victims a supported, safe space to:
be heard
ask the offender questions about the crime
discuss ways to make things better.
For offenders
Restorative justice has benefits for offenders too. It is an opportunity for them to:
take responsibility for their actions
address the harm caused
take steps to deal with the underlying causes of their offending behaviour.
How restorative justice works
All ACT offences involving a victim can be referred to restorative justice. Both the victim and offender must agree to take part.
A convenor from the ACT’s Restorative Justice Unit works with participants to make sure any meeting will be safe, meaningful and meet the victim’s needs.
A convenor facilitates each restorative process, known as a conference. The victim, offender and their respective family or other supports are brought together.
The convenor then helps everyone to talk about:
what happened
who has been impacted and how
what needs to happen to improve things.
Conferences can take place in a purpose-built facility. The space ensures privacy, safety and accessibility for everyone.
Conferences can also take place in other safe environments to meet the needs of those involved. This includes online.
An indirect restorative process can also be offered. This involves the convenor supporting an exchange of written statements between participants.
The benefits of restorative justice
In 2023–24, 98 per cent of participants reported they were satisfied with their experience of restorative justice.
A recent evaluation of the scheme’s work with family and sexual violence found:
restorative justice helped people who were harmed to seek amends from the offender
offenders could address issues which caused them to offend
there was wide support for restorative justice as a different pathway for domestic and family violence matters.
The evaluation also found that restorative justice met the needs of victims. These needs included:
increased feelings of safety
access to supports
feeling heard
regaining a sense of control
a better understanding of the crime.
Twenty years of restorative justice in the ACT
The ACT leads the nation in this initiative.
It is the only jurisdiction to have a dedicated single piece of legislation – the Crimes (Restorative Justice) Act – and a work unit delivering restorative justice conferencing for all age groups and offences.
The ACT restorative justice scheme has grown over three phases.
Initially, the scheme took referrals for young people and less serious offences.
In 2016, the scheme expanded to take referrals for adult offenders, and serious offences for young people.
Since November 2018, victims of any ACT offence have been able to access restorative justice.
The scheme has been a model for other states and territories, as well as other countries.
Over the last 20 years, the Restorative Justice Unit has received 3,382 referrals. This work encompasses:
5,882 victims
4,047 offenders (including 3,092 young offenders and 955 adult offenders)
Source: Northern Territory Police and Fire Services
The Northern Territory Police Force is investigating an incident involving an assault on police officers in Wadeye on Sunday evening.
Around 6pm, police were conducting a lawful arrest of a 25-year-old male in the Wadeye community when they were aggressively approached by a group of bystanders. One member of the group allegedly pushed the arresting officer, while others threw rocks in the direction of a second officer.
The group then began allegedly throwing rocks at the police vehicle, causing damage to the windscreen, and smashed the passenger window. OC Spray was deployed on three of the individuals involved, who subsequently dispersed.
Police secured the 25-year-old arrested male in the vehicle and withdrew from the area.
Additional resources were deployed to assist, resulting in the arrest of three males aged 21, 28 and 33 allegedly involved in the incident.
The assaulted officer did not require medical treatment.
Acting Commander Terry Zhang said, “We will not tolerate assault on our officers.
“If you choose to risk the safety of police officers doing their jobs, you will be arrested and held accountable.”
Source: Northern Territory Police and Fire Services
The Northern Territory Police Force are appealing for witnesses in relation to an assault and indecent exposure in Malak yesterday.
About 9am, police received reports that a female above the age of 60 was assaulted within the vicinity of Bayfield Park whilst she was walking along the footpath. It is alleged the male indecently exposed himself as the incident occurred. The victim was able to get away and the offender fled the scene on foot.
The alleged offender is described as a tanned male with an Aboriginal appearance, aged between 20 to 30 years old, has short brown hair, is of medium build and is about 165cm tall. He was wearing a khaki-coloured singlet and faded black shorts at the time of the incident.
Detectives from the Serious Crime Squad have carriage of the investigation.
Anyone with information, particularly those who may have witnessed the incident or have CCTV or dashcam footage from the area around the time of the incident is urged to contact police on 131 444 and quote reference NTP2500046492. Reports can also be made anonymously through Crime Stoppers on 1800 333 000 or online at https://crimestoppersnt.com.au.
Source: Northern Territory Police and Fire Services
The Northern Territory Police Force has arrested a 51-year-old male for firearm offences in Gunn Point on Sunday.
About 4:20pm, police received reports of a male allegedly pointing a rifle towards persons and threatening harm within a camping area in Gunn Point. It is alleged there was an altercation between a group of people and the man prior to the incident.
Humpty Doo members and specialist command coordinated an arrest plan and the 51-year-old male was taken into custody without incident. Police seized a rifle and ammunition from the camping area.
Police later conducted a search warrant at the male’s residence in Marlow Lagoon and seized 7 registered firearms and 1 unregistered firearm. The man’s NT firearms licence was revoked and he has since been charged with:
Threats to Kill
Aggravated assault
Fail to meet storage requirements
Possess unregistered firearm
Possess firearm while intoxicated
He was remanded to appear in Darwin Local Court on 6 May 2025.
Source: Northern Territory Police and Fire Services
The Joint Anti-Child Exploitation Team (JACET) has arrested and charged a 69-year-old male for possession of child abuse material.
On Friday 2 May 2025, detectives from the JACET conducted a lawful search of a residence in Nightcliff.
During the search police seized items including two computers, multiple USB thumb drives and a mobile phone after locating child abuse material at the residence.
The 69-year-old male has been charged with Possess or control child abuse material, Access child abuse material and Fail to comply with reporting obligations.
He has been remanded to appear in Darwin Local Court on 6 May 2025.
For online safety tips you can visit the eSafety Commissioner website for more information at https://www.esafety.gov.au/.
Members of the public who have any information about people involved in child abuse and exploitation are urged to call Crime Stoppers on 1800 333 000 or https://crimestoppers.com.au/.
You can also make a report online by alerting the Australian Centre to Counter Child Exploitation via the ‘Report Abuse’ button at www.accce.gov.au/report.