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Research & Insights

 

At Medfin, being an Australian leader in financial solutions for healthcare professionals and part of NAB Health means we have the expertise and insight to bring you information that helps increase your knowledge of all things business and financial.

This means our clients not only get the benefit of working with a specialist who understands their business and the healthcare sector, but also the access to NAB Health’s extensive industry research and insights – some of which are featured below. You can also subscribe to NAB’s specialist  Health View publication.

 

11 March 2016

Dentist, business coach and author, Dr Jesse Green is on a mission to empower healthcare professionals to become true business owners.

Read more at NAB’s Research & Insights site

 

07 March 2016

In this report, we take a look at longer term wellbeing trends, focussing on those groups that have historically reported the lowest wellbeing.

Read more at NAB’s Research & Insights site

 

03 March 2016

VIDEO: Monica Meldrum shares the increasing demand for ‘clean’ food and how her fast-growing business Whole Kids is committed to improving children’s health.

Read more at NAB’s Research & Insights site

 

29 February 2016

In our second annual survey, we take another look at what makes this country such a special place to live.

Read more at NAB’s Research & Insights site

 

23 February 2016

Innovation is a key driver of business success. It’s typically defined by a firm’s knowledge of the market and customers, constant process reviews, learning from failures and passion and drive.

Read more at NAB’s Research & Insights site

 

22 February 2016

The health and wellbeing revolution is sweeping through workplaces, with forward-thinking companies making an effort to promote healthier lifestyles, more flexible working conditions and better work-life balance. We discuss some simple ways SMEs can get on board.

Read more at NAB’s Research & Insights site

 

15 February 2016

Intellectual property covers everything from your brand to customer lists. It could be your most valuable asset, so how can you best protect it? Bill Ladas, Special Counsel at King & Wood Mallesons, and Tara Tissott, Legal Counsel at NAB, discuss the options.

Read more at NAB’s Research & Insights site

 

4 February 2016

Ainslie Chemmart Compounding Pharmacy’s Colette Needham is embracing the challenges facing the pharmaceutical industry by positioning the pharmacy as an all round destination for health and wellbeing.

Read more at NAB’s Research & Insights site

 

31 December 2015

The Victorian Healthcare Association (VHA) explains how it’s using Twitter to interact with members and influencers in its sphere.

Read more at NAB’s Research & Insights site

 

24 December 2015

Significant government reforms, shifting demographics and increased access to nationwide health data will underpin opportunities – both foreign and domestic – for Australian healthcare providers in 2016. NAB’s Paul Littleton and Dean Pearson highlight the key trends.

Read more at NAB’s Research & Insights site

 

22 December 2015

The peak representative body for Australia’s physiotherapists is using social media as a valuable tool to engage and benefit its members, but also to boost awareness of the profession and its role in the community.

Read more at NAB’s Research & Insights site

 

09 December 2015

The right practice manager can improve the profitability and viability of a practice. GP Philip Gribble of the Clare Medical Centre and Gillian Leach, National CEO of the Australian Association of Practice Management, discuss the benefits of employing someone to take care of business.

Read more at NAB’s Research & Insights site

 

30 October 2015

An expanded role for pharmacists could reduce pressure on GPs and emergency departments. George Tambassis, National President of the Pharmacy Guild of Australia, and GP Kean-Seng Lim, who has a pharmacist in his practice, discuss the benefits for patients, health practitioners and the public purse.

Read more at NAB’s Research & Insights site

 

17 October 2015

Managing chronic conditions is a complex process. GP Tim Koh, co-owner of the Ocean Keys Family Practice in Western Australia, discusses how a multidisciplinary approach can help patients to take better care of themselves and why a GP is best placed to co-ordinate the team.

Read more at NAB’s Research & Insights site

 

15 October 2015

One of China’s two millennial goals, which mark the hundredth anniversary of the establishment of the Communist Party, is to complete a transition to what it calls a ‘middle income’ country by 2020-21. Keeping this all-important emerging middle class happy and healthy will be…

Read more at NAB’s Research & Insights site

 

15 October 2015

Australia’s wellbeing has risen to its highest level since mid-2013, with levels of happiness, life satisfaction, life worth and anxiety all improving, the latest NAB Wellbeing Index has found.

Read more at NAB’s Research & Insights site

 

15 October 2015

Public health expert Dr Jane Thomason has spent the past 16 years as Chief Executive Officer of JTA International, the healthcare development consultancy she founded in 1999.

Read more at NAB’s Research & Insights site

 

15 October 2015

A new medical practice can be designed to reflect your vision and may also cost less than an established business. Nathan Marris, Relationship Manager at Medfin Finance, shares his tips for success, and practice owner Dr Prema Joseph discusses why she chose to start from scratch.

Read more at NAB’s Research & Insights site

 

13 October 2015

Professor Yogesan Kanagasingam, Research Director of the CSIRO’s Australian e-Health Research Centre, is using the NBN Satellite to conduct remote eye screening in remote indigenous communities. He’s expanded the reach of the Remote-I platform to China.

Read more at NAB’s Research & Insights site

 

9 October 2015

Health represents one of the largest and fastest growing sectors of the Australian economy. This insight paper has been prepared by NAB Health to address current issues and trends emerging in the Australian Aged Care Services sector.

Read more at NAB’s Research & Insights site

 

15 September 2015

Robin Levison, Chairman of ASX-listed Eureka Group Holdings, is running a ‘shared value’ enterprise, providing quality, affordable housing for low-income seniors and giving a return to shareholders at the same time.

Read more at NAB’s Research & Insights site

 

11 September 2015

Economic activity is shifting back to the eastern seaboard as the economy transitions towards non-mining sources of growth with domestic demand will be strongest in New South Wales and Victoria.

Read more at NAB’s Research & Insights site

 

9 September 2015

Australian’s are feeling less anxious underpinned by lower stress associated with retirement funding, cost of living, job security and health. And for the first time, NAB’s Consumer Anxiety report sheds light on spending behaviours across states.

Read more at NAB’s Research & Insights site

 

2 September 2015

Telstra has now invested $237 million in 17 healthcare industry acquisitions, investments and partnerships in order to roll out numerous eHealth initiatives, with the ambition of establishing itself as Australia’s leading eHealth provider.

Read more at NAB’s Research & Insights site

 

17 August 2015

In recognition that a mentally healthy workplace can start with a single employee – and a conversation – here are some tips to make your workplace mentally healthy.

Read more at NAB’s Research & Insights site

 

13 August 2015

As CEO of Pindara Private Hospital for the past seven years, Trish Hogan has steered more than $110 million worth of development, transforming the Ramsay Health Care-owned operation into the largest and most comprehensive private hospital on the Gold Coast.

Read more at NAB’s Research & Insights site

 

30 July 2015

Without appropriate protection, your hard-earned assets could be at risk. Paul Jarvis, whose team manages the wealth of clients in the NAB Health sector, discusses how insurance, tax planning and a collaborative team of advisers can help you build a successful practice.

Read more at NAB’s Research & Insights site

 

20 July 2015

Like every other business owner, a general practitioner (GP) needs a business plan. Tristan Bond, Founder of The Healthcare Business Group, and GP Dr Karen Price discuss the benefits of a plan, what it should cover and how a business coach could help doctors to stay on track.

Read more at NAB’s Research & Insights site

 

17 July 2015

Family relationships and safe communities critical to Aussies’ wellbeing. In an effort to better understand why Australians feel the way they do, NAB has been tracking Australia’s wellbeing (as measured by anxiety, life-satisfaction, happiness, and life-worth) since early-2013.

Read more at NAB’s Research & Insights site

 

15 July 2015

NAB Health shares insights into the changing landscape of the health sector in Australia, providing findings from customers and key sector strategy executives for Practitioners and Specialists, Pharmacy and Corporate Health.

Read more at NAB’s Research & Insights site

 

9 July 2015

Recognition that the environment in which patients are treated makes a big difference to how successful the outcomes are is driving hospital design, according to Conrad Gargett’s Managing Director Bruce Wolfe, a firm believer in what’s known as ‘Salutogenic Design’.

Read more at NAB’s Research & Insights site

 

2 July 2015

Research suggests that, for many dentists, practice management is a major challenge. Anita Roubicek, Joint Chief Executive Officer of Prime Practice dental management specialists, discusses the benefits of having a well-run practice and shares her tips for improving performance.

Read more at NAB’s Research & Insights site

 

24 June 2015

Women are still under-represented in senior positions across public and private organisations. Speakers at the recent Women in Health Leadership symposium considered why this is the case, and whether financial acumen could help women to achieve the most senior positions.

Read more at NAB’s Research & Insights site

 

15 June 2015

In healthcare, networking is less about exchanging business cards than building authentic relationships. At the recent Women in Health Leadership Symposium in Sydney a panel discussed how networks and mentors could help build a successful career.

Read more at NAB’s Research & Insights site

 

10 June 2015

The Royal District Nursing Service (RDNS) was one of the first Australian healthcare organisations to enter China. Executive General Manager Dan Woods discusses its success and ongoing opportunities.

Read more at NAB’s Research & Insights site

 

26 May 2015

After years of studying to be a medical practitioner you’re finally earning an income. Philip Mawkes, a Senior Relationship Manager at Medfin, explains why it’s important to make your financial future a priority and shares a five-point plan to help you get off to a flying start.

Read more at NAB’s Research & Insights site

 

22 May 2015

Across the health and aged care industry there is a continuing trend towards consolidation through mergers and acquisition. NAB’s Nehemiah Richardson and Natalie Smith discuss the impact of this trend and how to prepare for a merger or sale.

Read more at NAB’s Research & Insights site

 

18 May 2015

A growing number of general practitioners are using social media to attract new patients and secure their loyalty. Helena Athans from NAB Digital and David Bacon from the Healthy Thinking Group discuss the potential benefits and how to make the most of them.

Read more at NAB’s Research & Insights site

 

13 May 2015

NAB’s economists have taken a look at the key healthcare components to this year’s Federal Budget. Overall government expenditure is expected to increase for healthcare, with funds going to the Medical Research Future Fund.

Read more

 

13 May 2015

NAB’s economists have broken down the 2015 Federal Budget and assessed it’s likely impacts.

Read more

 

 13 May 2015

How the Federal Budget affects you as an individual

Many lower income young families will benefit from greater childcare subsidies, and small businesses and farmers will benefit from more generous depreciation and deductible capital expense allowances.

Read NAB’s fact sheet to find out more (PDF, 401KB)

 

27 April 2015

There’s a growing need for in-home care services and we are seeing more private operators come into the sector. Caroline Ucherek and Sheree Gover from CJU Medical Marketing share their tips for driving business growth by building relationships with clients, their families and referrers.

Read more at NAB’s Research & Insights site

 

 16April 2015

Medical practitioners often put their patients first – but the price could be compassion fatigue. Dr Frank Jones, President of the RACGP, and Dr Frank Meumann, President of the region’s Balint Society, explain how sharing experiences can have a positive impact.

Read more at NAB’s Research & Insights site

 

2 April 2015

Cloud computing can reduce practice costs and increase efficiency but, as yet, only a minority of general practices have embraced the technology. Dr Nathan Pinskier and NAB’s cloud computing expert Tim Palmer discuss the benefits, current limitations and the potential for change.

Read more at NAB’s Research & Insights site

 

27 March 2015

Michael Kenihan is well placed to help clinicians succeed in business. A former athlete and physiotherapist, he now runs Australia’s largest network of allied health and sports medicine practices. He discusses the skills and behaviours that drive a successful private practice.

Read more at NAB’s Research & Insights site

 

12 March 2015

How can pharmacies evolve with changing times? NAB research has identified three important metrics for community pharmacies to keep an eye on to improve productivity. They include Stock turnover, dispensary to sales ratio and wage costs for sales ratio.

Read more at NAB’s Research & Insights site

 

18 February 2015

A budget will help you to monitor the financial health of your practice – but that’s just the beginning. Stephen Allan, Credit Executive at Medfin Finance, explains how a budget can also help you to run a more productive and profitable practice.

Read more at NAB’s Research & Insights site

 

2 February 2015

New maps to better identify rural, regional and remote doctor shortages

The Federal Government has announced the development of new maps which will mean that communities where doctor numbers have not kept pace with population growth will now be recognised in the updated DWS system

Read the media release from the Federal Government

 

29 January 2015

NAB has released it first annual pulse check on the big issues facing Australia today. Important concerns include cost of living, access to healthcare, employment, the economy and terrorism/security concerns, while indigenous issues, infrastructure and transport and taxation are lowest.

Read more at NAB’s Research & Insights site

 

29 January 2015

The NAB Australian Wellbeing Index fell slightly to 63 points in Q4 2014 (63.8 in Q3). Wellbeing was rated lower for all questions, especially “not anxious yesterday” which fell to its lowest level since the survey started. Wellbeing rated highest in Queensland and lowest in Victoria.

Read more at NAB’s Research & Insights site

 

21 January 2015

2015 could stand out as a year of change for the health sector – so where do the best opportunities lie? Dean Pearson, NAB’s Head of Industry Analysis, and Melissa Timbs, Senior Policy Advisor – NAB Health, look at how the changes could work in your favour.

Read more at NAB’s Research & Insights site

 

16 January 2015

Thanks to the Japan-Australia Economic Partnership Agreement (JAEPA), there are now new opportunities for Australian businesses to move into Japan. NAB’s Kohei Tsushima explains how those in agribusiness, financial services, health and education are the most likely to benefit.

Read more at NAB’s Research & Insights site

 

14 January 2015

2015 could be a good year for smaller businesses. Dean Pearson, NAB’s Head of Industry Analysis, looks at opportunities sector by sector, suggests ways to make the most of them and explains how technology is helping to level the playing field for SMEs.

Read more at NAB’s Research & Insights site

 

17 December 2014

Prime Minister Tony Abbott and Health Minister Peter Dutton have announced that the proposed $7 GP co-payment will be redesigned. Scheduled to commence on 1 July 2015, we explain the new measures and how NAB Health can help your business prepare for these changes.

Read more at NAB’s Research & Insights site

 

9 December 2014

The Assistant Minister for Health, Senator Fiona Nash, has urged rural and regional general practices to apply for a new grants programme, designed to build the facilities needed to take on more trainees and GP registrars.

Read more

 

8 December 2014

Every working environment has the potential to create stress but, when you’re running a small or medium enterprise (SME), the pressure can be particularly intense. Exercise, healthy eating and shedding unhealthy habits are recommended as some of the best methods to cope.

Read more at NAB’s Research & Insights site

 

20 November 2014

The China-Australia Free Trade Agreement (FTA) offers considerable potential for Australian agricultural and services firms as a result of their improved market access. Dairy, meat and horticulture stand to gain significantly while most resource exports will end up having duty free access.

Read more at NAB’s Research & Insights site

 

13 October 2014

Starting a dental practice for the first time can be challenging, especially during the initial planning stages. One of Medfin’s leading dental finance specialists, Haydn Maddock, shares his top 10 tips for setting up a practice that’s built for success.

Read more at NAB’s Research & Insights site

 

6 October 2014

After co-founding the first privately run specialist veterinary practice in Sydney, Dr Sarah Goldsmid swam against the tide of the GFC and expanded her business. A finalist in last year’s Telstra Business Women’s Awards, she explains how a passion for surgery continues to drive her success.

Read more at NAB’s Research & Insights site

 

2 October 2014

The NAB Australian Wellbeing Index rose to 63.8 points in Q3 2014 (61.7 in Q2 2014). Wellbeing was rated higher for all measures, with the biggest improvements related to life satisfaction, worthwhile life and happiness.

Read more at NAB’s Research & Insights site

 

15 September 2014

Your waiting room can influence how your patients feel about you and your practice. Caroline Chaplin, Director of Rooms With Style, explains how colour, lighting and soft furnishings can help you convey the right message in a cost-effective way.

Read more at NAB’s Research & Insights site

 

8 September 2014

Barwon Health’s Volunteers Services Director sees volunteers as community advocates who enhance the healthcare experience of consumers. Recognised at the 2014 NAB Women’s Agenda Leadership Awards, Zoe Waters is now taking her message to a wider audience.

Read more at NAB’s Research & Insights site

 

22 August 2014

Australia’s Federal system of Government makes State Governments a critical part of the overall fiscal and economic performance of Australia. This handbook is intended to provide a comprehensive update and reference tool on both the economies and fiscal finances for each State.

Read more at NAB’s Research & Insights site

 

21 August 2014

When you’re ready to go it alone, do you buy an existing dental practice or start from scratch? Medfin CEO, Paul Freeman explores the decision-making process, and believes the end result normally stems from whether you’re more entrepreneurial or risk-averse.

Read more at NAB’s Research & Insights site

 

7 August 2014

515059_NBU7810_55x55_Medfin_Survey_Results_Icon_v2-02_FA Clinical trials provide access to new treatments, contribute to Australia’s economy and support our public sector institutions. Dr Brendan Shaw, Medicines Australia Chief Executive, discusses the challenges and opportunities that are shaping our innovative medicines industry.

Read more at NAB’s Research & Insights site

 

23 July 2014

In 40 years, about a quarter of Australia’s population will be over 65. Michael Bassingthwaighte, CEO of Peoplecare, explains how a closer relationship between private health funds and GPs could improve patient wellbeing and manage increasing costs.

Read more at NAB’s Research & Insights site

 

18 July 2014

Australian wellbeing falls to its lowest level since the survey began. Anxiety is still the biggest detractor of overall wellbeing. A “wellbeing gap” has emerged between the highest and lowest income earners.

Read more at NAB’s Research & Insights site

 

16 July 2014

Consumer anxiety spikes post the Federal Government’s budget, with low income earners clearly most concerned. The NAB Consumer Anxiety Index rose to 64.5 points in Q2 (61.7 points in Q1) – its highest level since the survey began in Q1’13.

Read more at NAB’s Research & Insights site

 

20 June 2014

With the end of financial year fast approaching, we have seven top tips to ensure your business is in the best shape possible, so you’re ready to start FY 14-15 on the right foot.

Read more

 

18 June 2014

Many general practitioners have been exposed to aggressive behaviour yet few have taken steps to protect themselves. Researcher Dr Danny Hills explains his six simple strategies for keeping a medical practice a safer and less stressful place to work.

Read more at NAB’s Research & Insights site

 

30 May 2014

The end of financial year is the perfect time for practitioners to get things in order, and build their business and personal wealth in a tax effective manner. Read our five strategies to help you make the most of the end of financial year.

Read more

 

13 May 2014

The key focus related to health in this year’s Budget is savings. The introduction of GP co-payments, changes to PBS provisions, Medicare safety nets and indexation arrangements will contribute significant savings. We assess the key initiatives impacting Australia’s health sector.

Read more at NAB’s Research & Insights site

 

13 May 2014

The Federal Budget contained few tax surprises, with most of the key revenue changes previously announced by the Government, including the expected additional tax for high income earners, while the Indexation of Fuel Excise will impose an additional cost on both business and individuals.

Read more at NAB’s Research & Insights site

 

5 May 2014

When running a business it’s important to understand your obligations in relation to domestic and international sanctions and embargoes, and how they may potentially impact your business before entering into arrangements with offshore customers and/or their agents.
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Read more at NAB’s Research & Insights site

 

1 May 2014

515097_NBU7815_55x55_Medfin_Finance_News_Icon_v2-02_FA Ahead of the upcoming Federal Budget, there is a lot of focus on the Commission of Audit’s findings, and putting the Budget on a sustainable medium term path as the population ages, health and pension costs rise, and the proportion of tax payers declines.
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Read more at NAB’s Research & Insights site

 

23 April 2014

Robots are on the march. Most of them work on assembly lines, building cars, making electronic devices and processing food, drugs and chemicals. But robots are spreading beyond the factory – a trend that will accelerate in 2014.
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Read more at NAB’s Research & Insights site

 

10 April 2014

More than $1trn will be spent on hardware, including telecommunications gear, in 2014 with tablets expected to grow by 40%, according to The Economist Intelligence Unit. Salespeople, executives and even doctors will find ever more uses for portable screens.
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Read more at NAB’s Research & Insights site

 

4 April 2014

Medfin CEO Paul Freeman shares his advice on how to ensure you hold value in your practice.

Read more

 

20 March 2014

National wellbeing improves after falling in the previous two quarters, but anxiety continues to rise with more than one-third of Australians currently “highly” anxious. The NAB Australian Wellbeing Index rose to 64.6 points in Q1 2014 (63.5 points in Q4 2013).

Read more
at NAB’s Research & Insights site

 

6 March 2014

M&A has been a big theme recently, with entrepreneurs and established businesses alike snapping up opportunities. Air-con was a burning issue and property developers were dancing at the prospect of better funding and more opportunities.

Read more
at NAB’s Research & Insights site

 

6 March 2014

Marketing a healthcare practice

Marketing can help you to build a practice, run it successfully and ultimately make a profitable exit. Jason Borody, Managing Director of Vividus Marketing, talks about opportunities, challenges and how the internet has made communications a priority for the healthcare sector.

Read more
at NAB’s Research & Insights site

 

1 March 2014

Should you be including residential property in your investment portfolio?

Therese Pearce, Medfin Finance’s Port Macquarie relationship manager shares her top tips for investing in property.

Read more

 

18 February 2014

Zero tolerance for bullying in the workplace

Bullying can cause physical and psychological harm to employees and undermine good business. Alex Jenkins of Davidson Trahaire Corpsych suggests ways to create a workplace culture which supports the health and productivity of everyone in the organisation.

Read more
at NAB’s Research & Insights site

 

14 February 2014

How to recruit the best people for your business

Finding and keeping the right people is fundamental to the success of any business. Gavin O’Meara, Manager of People and Culture at Ramsay Health Care, explains how planning, preparation and ongoing support can help you build an engaged and productive team.

Read more at NAB’s Research & Insights site

 

13 February 2014

The business of kids’ health

Monica Meldrum was named ’2013 Emerging Entrepreneur of the Year’ at last year’s NAB Women’s Agenda Leadership Awards. Here, she discusses the increasing demand for ‘clean’ food and how her fast-growing business Whole Kids is committed to improving children’s health.

Read more
at NAB’s Research & Insights site

 

22 January 2014

Emerging opportunities for facility management providers

515084_NBU7813_55x55_Medfin_Health_News_Icon_v2-03_FA As our population ages and demand for facility management services increases, hospitals are doing their best to manage costs. Ivan Fernandez, Industry Director at Frost & Sullivan, suggests ways for facility management providers to identify new opportunities and overcome challenges.

Read more
at NAB’s Research & Insights site

 

15 January 2014

NAB Quarterly Australian Consumer Anxiety Index – Q4 2013

514756_NBU7805_55x55_Medfin_NAB_Wellbeing_Index_Icon_v2-01_FA Consumer anxiety rises amid ongoing weakness in the domestic economy. Consumer anxiety rose to 61.5 points in Q4 (61.1 in Q3). With the labour market softening, anxiety over job security has started climbing although it still rates as the lowest concern overall.

Read more
at NAB’s Research & Insights site

 

10 January 2014

NAB Wellbeing Index – Q4 2013

514758_NBU7805_55x55_Medfin_NAB_Wellbeing_Index_Icon_v2-03_FA National wellbeing deteriorates for the second straight quarter. The NAB Australian Wellbeing Index fell to 63.5 points in Q4 (64.4 points in Q3), with all four survey questions – satisfied life, worthwhile life, happy yesterday and not anxious yesterday – rated lower.

Read more
at NAB’s Research & Insights site

 

07 January 2014

The Middle Kingdom’s Australian frontier

515066_NBU7811_55x55_Medfin_China_News_Icon_v2-02_FA Start to prepare for a new era in the Australian Chinese relationship. Well within five years, instead of simply looking at Chinese manufacturing, Australia will look at the tourist bookings due to a very big rise in Chinese tourism.

Read more
at NAB’s Research & Insights site

 

06 January 2014

Below the surface

515038_NBU7806_55x55_Medfin_Marketing_a_practise_Icon_v2-02_FA As many SMEs might be a million miles away from the mining and resources sector, it’s easy to think it’s all completely irrelevant. That’s not the case. It’s important that you’re aware of the general direction of the industry because it can affect your own business.

Read more
at NAB’s Research & Insights site

 

 

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Any advice contained on this page is general in nature and has not been tailored to your personal circumstances. For this reason you should seek personal financial and tax advice before taking any action. NAB financial planners are Representatives of National Australia Bank Limited ABN 12 004 044 937 an Australian Financial Services Licensee. Registered office Level 4 (UB4440) 800 Bourke street Docklands Vic 3008 and a member of the National Australia Group of Companies (c)2011 National Australia Bank Ltd ABN 12 004 044 937 AFSL 230686 81968A0511