Feb 25 (Reuters) - Australia's ASIC:
* COMMENCED PROCEEDINGS AGAINST NAB FOR MISREPRESENTATIONS OVER ACCOUNT FEES
* ALLEGES NAB CHARGED FEES FOR MAKING CERTAIN PERIODIC PAYMENTS WHEN NOT ENTITLED TO UNDER BANK'S CONTRACTS WITH CUSTOMERS
* ALLEGES BETWEEN FEB 2015 AND FEB 2019, NAB CHARGED FEES FOR PERIODIC PAYMENTS ON AT LEAST 195,305 OCCASIONS TOTALLING $365,454
* NAB FEES CHARGED WHEN NOT CONTRACTUALLY ENTITLED TO DO SO TO 4,874 PERSONAL BANKING CUSTOMERS & 913 BUSINESS BANKING CUSTOMERS Source: https:// Further company coverage: NAB.AX