FILE NO 1-9945

 

SECURITIES AND EXCHANGE COMMISSION

 

WASHINGTON   DC   20549

 

 

FORM 6-K

 

REPORT OF FOREIGN ISSUER

 

Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934

 

For the month of January 2004

 

National Australia Bank Limited

ACN 004 044 937

(Registrant’s Name)

 

Level 24
500 Bourke Street
MELBOURNE   VICTORIA   3000
AUSTRALIA

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F

  ý

Form 40-F

  o

 

 

 

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes

  o

No

  ý

 

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82 -

 

This Report on Form 6-K shall be deemed to be incorporated by reference in the prospectus included in the Registration Statement on Form F-3 (No. 333-6632) of National Australia Bank Limited and to be part thereof from the date on which this Report, is filed, to the extent not superseded by documents or reports subsequently filed or furnished.

 

 

 

 

Group Corporate Affairs

 

 

 

 

National Australia
Bank Limited
ABN 12004044937

 

 

 

ASX Announcement

 

500 Bourke Street
Melbourne
Victoria  3000
Australia

 

 

 

 

 

Melbourne, Tuesday 13th January 2004

 

 

Announcement of irregular trading losses

 

The National has identified losses relating to unauthorised trading in foreign exchange options.  Four employees have been suspended in relation to this trading.

 

Immediate action has been taken to close out the losses and to minimise any further losses from being incurred.  The losses involved are not expected to exceed $180 million (pre tax) and have occurred after the end of the completion of the National’s accounts for the year ended 30 September 2003.

 

No customers of the National have been affected by the trading activities which generated the losses.

 

 

For further information, please contact:

 

Robert Hadler

Group Corporate Affairs

03 8641 35876

0404 805 675

 

or visit www.nabgroup.com

 

 

SIGNATURE PAGE

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.

 

 

 

NATIONAL AUSTRALIA BANK LIMITED

 

 

 

 

 

Susan E Crook

 

Date:  13 January 2004

Title:  Associate Company Secretary