National Australia Bank Limited (NABZY) 6-K Current Report of Foreign Issuer

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 February 2006

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

	Corporate Affairs Australia 800 Bourke Street, DocklandsVictoria 3008 Australia
News Release

Monday, 13 February 2006

NAB’s updated logo reflects broader strategy

National Australia Bank Executive Director and CEO Australia, Ahmed Fahour, today said the bank’s refreshed logo reinforces continuing changes being made by the organisation to support the needs and aspirations of our customers.

The new logo comprises a modernised red star situated on a black background over a bold, lower case ‘nab’, to replace the word ‘National’.

Executive General Manager Strategy and Marketing Greg Sutherland said: “We are still National Australia Bank and our brand is NAB. Referring to ourselves as ‘NAB’, rather than ‘the National’, is simply in line with the way customers have always referred to us.

“The updated visual identity places greater emphasis on the star and the use of lower case ‘nab’ in the logo is designed to support the contemporary development of our business. We are about being less institutional, and more relevant for our customers and the communities in which they live.”

Mr Fahour said: “Over the last year we have launched popular, customer-focused products and streamlined processes to make ourselves more responsive. We are reinvesting heavily in the business and in staff training.

“Already, we have seen an increase in customer satisfaction and marketshare. Our updated logo complements real improvements in the business.

“This is not a revolutionary change in our visual identity and implementation will be phased. We are not changing our collateral overnight and most stationery and marketing material will be updated as existing stocks run down. Signage in branches will mainly be installed in line with our current refurbishment program.”

Brand information:

•The legal entity is still National Australia Bank Limited.

•Our brand names are National Australia Bank, and NAB.

•NAB can be pronounced nab (as in cab) or N-A-B.

For further information, please contact:

Geoff Lynch

Head of Media Relations Australia

National Australia Bank Limited

T(03) 8634 1564

M0405 319 819

National Australia Bank Limited ABN 12 004 044 937

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Searchable text section of graphics shown above

Reigniting the Organisation

Media Luncheon

Monday 13^th February 2006

[LOGO]

4 pillars to our rebuild plan

Reignite the	Become Cost	Rebuild Critical	Manage the
Organisation	Competitive	Infrastructure	Business Units
•People	•Cost growth, after investments, less than inflation	•$1.8b over 3 years	•Business and Private Banking
•Innovation			•Retail Banking
•Service			•Wealth Management
•Brand			•Asia

To be truly competitive in 2008

1

Brand and people are related

Beliefs Behaviours Brand

2

Defining who we are

We help our
customers fulfil
their aspirations

We build relationships with our
customers by listening and
understanding them and sharing our
experience and advice

We deliver on our promises	We are real and open	We make it easy	We back our customers
•quality service	•personable	•simple	•deliver insight
•product knowledge	•straight forward	•fast	•think ahead / open doors
•accountable	•take time to explain	•accessible	•collaborate and build trust
•follow through		•flexible

3

Several metrics to judge progress

People	Customers	Organisation
(Examples)	(Examples)	(Examples)
•Satisfaction	•Satisfaction	•Innovation
•Culture	•Market share	•Speed
•Rewards	•Cross-sell	•Quality
	•Complaints

“Happy staff à Happy customers à Happy shareholders”

John Stewart

4

Progress – culture

System is freeing up

•More open about issues and less bureaucratic

Goal focussed

•Sense of urgency to achieve

•Targets being hit

Leaders are demonstrating the Corporate Principles

•Visible & embedded

5

Progress – EBA

In principle agreement reached

Innovative deal

•Long term wealth creation

•Employee ownership through shares

Support our cultural transformation

•Flexibility for our people and businesses

•Simplify - - one EBA for Region

•Reward for performance

•Reduce bureaucracy through reduction of grades

Commitment to diversity within our workplace

•‘Family Friendly’

•Flexible hours

6

Progress – customer experience

Main Financial Institution Satisfaction – NAB Personal

[CHART]

Source: Roy Morgan Research, Population aged 14+, 6 month moving average

Definition: Customer Satisfaction refers to the proportion of each financial institutions’ customers ( ie those holding at least a Deposit / Transaction account) that are either ‘Very Satisfied’ or ‘Fairly Satisfied’ with their overall relationship with that financial institution. Customers who have relationships with multiple brands within a Financial Institution group are regarded as a customer of each brand.

7

Market share over last 12 months

	Market Share
	Sep-04		Mar-05		Sep-05		Dec-05
BANKING
Total Lending	18.5	%	18.7	%	19.2	%	19.3	%	üüü
Business Lending	21.6	%	22.9	%	24.3	%	24.3	%	üüü
Housing	16.5	%	16.6	%	16.7	%	16.6	%	üü
Cards	16.7	%	16.3	%	15.4	%	15.5	%	—
Total Deposits	19.1	%	18.7	%	18.7	%	18.8	%	ü
Household Deposits	13.4	%	13.3	%	13.3	%	13.5	%	üü
Wealth Management
Australian Retail	12.8	%	12.8	%	12.7	%	TBD		ü
Total Risk Insurance	13.7	%	13.5	%	13.9	%*	TBD		üü

Source: APRA, Dexx&R, Plan for Life

*Note estimated data from June period

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Business and Private Bank

People and distribution leadership

•e.g. Go national

Service / Process Innovation

•e.g. Fast loan approvals

Market development

•e.g. Education / Health

9

Retail Bank

Development of our local leadership

•e.g. 70 local markets

Product Innovation

•e.g. iSaver

Branch revitalisation

•e.g. Customer First

10

Wealth Management

Revitalise the MLC brand

•People and marketing programs

Enhanced customer proposition

•Customer service

•Adviser / broker proposition

•Integrating banking and wealth

New market development

•Superannuation flows

•Manager of Manager innovation

11

Updating our identity

Australian Head Office
[LOGO]
Retail / Business and Private	Wealth Management
[LOGO]	[LOGO]

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[GRAPHIC]

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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
	Signature:	/s/ Brendan T Case
Date: 15 February 2006	Name: Brendan T Case
	Title: Associate Company Secretary