All right. Is it a matter that you’ve now been told after you left the board ?I didn’t – no, I didn’t know that NAB was considered to be an outlier. I tender that document, Commissioner. THE COMMISSIONER: Briefing planner for meeting of 26 between ’18 Thorburn and Shipton, NAB.005.896.0001, exhibit 5.78. EXHIBIT #5.78 BRIEFING PLANNER FOR MEETING OF 26/05/2018 BETWEEN THORBURN AND SHIPTON, NAB.005.896.0001 MR HODGE: Can we bring up ASIC.0039.0001.1797. So this is a letter from ASIC to NAB following up on a section 33 notice dated 27 April 2018?Yes. Now, this is a document that you saw in the course of preparing to give evidence?I think it’s attached to my witness statement. You’ve exhibited it?Yes. And it notes and this is what I want to direct your attention to that in paragraph 1: – – We have attached a schedule with the current list of 110 breach reports from licensees within the NAB Group lodged to ASIC between 2014 and 2017. It appears that all of these breach reports were lodged in excess of the maximum allowable 10 business days to report a significant breach to ASIC upon awareness. ?Yes. And I don’t need to tender that document, Commissioner. That’s already in evidence through Ms Smith. And then can we bring up ASIC.0039.0001.1776. And I think this document is also exhibited to your statement?Yes, this was the response that was provided by NAB in respect for that letter. – That’s right. This is NABs response. And we can see, about halfway down the page: Based on NABs data validation, there are 84 significant breaches which were reported to ASIC in excess of 10 business days (out of a total of 297 significant breaches reported to ASIC in the 2014-2017 calendar years). ?Yes. And NAB has done a recalculation, the effect of which seems to be, don’t agree “We with all of the 110 that you have identified, ASIC; there are some that you’ve
All right. Is it a matter that you’ve now been told after you left the board ?I didn’t – no, I didn’t know that NAB was considered to be an outlier. I tender that document, Commissioner. THE COMMISSIONER: Briefing planner for meeting of 26 ’18 between Thorburn and Shipton, NAB.005.896.0001, exhibit 5.78. EXHIBIT #5.78 BRIEFING PLANNER FOR MEETING OF 26/05/2018 BETWEEN THORBURN AND SHIPTON, NAB.005.896.0001 MR HODGE: Can we bring up ASIC.0039.0001.1797. So this is a letter from ASIC to NAB following up on a section 33 notice dated 27 April 2018?Yes. Now, this is a document that you saw in the course of preparing to give evidence?I think it’s attached to my witness statement. You’ve exhibited it?Yes. And it notes – and this is what I want to direct your attention to – that in paragraph 1: We have attached a schedule with the current list of 110 breach reports from licensees within the NAB Group lodged to ASIC between 2014 and 2017. It appears that all of these breach reports were lodged in excess of the maximum allowable 10 business days to report a significant breach to ASIC upon awareness. ?Yes. And I don’t need to tender that document, Commissioner. That’s already in evidence through Ms Smith. And then can we bring up ASIC.0039.0001.1776. And I think this document is also exhibited to your statement?Yes, this was the response that was provided by NAB in respect – for that letter. That’s right. This is NABs response. And we can see, about halfway down the page: Based on NABs data validation, there are 84 significant breaches which were reported to ASIC in excess of 10 business days (out of a total of 297 significant breaches reported to ASIC in the 2014-2017 calendar years). ?Yes. And NAB has done a recalculation, the effect of which seems to be, “We don’t agree with all of the 110 that you have identified, ASIC; there are some that you’ve
transcript-9-august-2018.docx