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News from the National Secretary's Office


FSU’s plan to build a better finance sector

The global financial crisis is hitting the Australian finance sector hard, with 3,500 jobs already gone and many thousands more predicted. The FSU has 
a different vision for the industry, and a plan to build 
a better finance sector.

Watch a video message from finance sector workers 
and FSU National Secretary Leon Carter opposite.

Latest Articles
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Starting the year with a bang Thursday, 12 January 2012

At the end of last year, more than 600 members working for CBA in New South Wales and Queensland had delivered letters to the bank disputing the targets that had been imposed on them. Yesterday, seven FSU Reps from CBA retail areas held talks...

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At the end of a year of significant activity and achievement, it is appropriate that my last report to FSU members is a positive one. And it is particularly pleasing to again welcome more than 6,500 new members to our union this year. ...

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Keep Suncorp Jobs in Australia Friday, 18 November 2011

Breaking news: Commercial Insurance jobs safe from offshoring for now It’s nice to be able to begin with some good news. The FSU has just been advised that jobs within Recoveries and Settlements in the Commercial Insurance arm of...

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Why the Qantas dispute affects us all Thursday, 3 November 2011

When Alan Joyce, CEO of Qantas, announced that he was grounding Qantas flights on Saturday many people were stunned and angry, not least the tens of thousands of Qantas passengers whose travel plans were interrupted. It was a dramatic move,...

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Employees transferring from Owner Managed Bank of Queensland branches (OMB) to BOQ Corporate workplaces can leave inferior workplace agreements behind and move to a collective union negotiated agreement, thanks to a Fair Work Australia ruling...

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FoFA Last week the Federal Government introduced its Future of Financial Advice (FoFA) reforms aimed at improving the practise of providing financial advice. The measures adopted by government and driven by Financial Services &...

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Tomorrow, communities around the globe will celebrate International Women’s Day for the hundredth time and I look forward to taking part in the celebrations. Some of you may be wondering why it’s such a big deal. Women in Australia have...

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I am in Canberra at the moment meeting with Parliamentarians who pledged support for the FSU’s Better Banking charter last year, as well as meeting with other key Parliamentarians, Assistant Treasurer and Minister for Financial Services and...

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The social media conundrum Thursday, 10 February 2011

I have to admit to being a little sceptical around the time social media started creeping into our lives. It had the potential to be time-wasting nonsense as far as I was concerned, and as the leader of a reasonably big organisation I worried about...

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Flood crisis update Tuesday, 18 January 2011

Our hearts and thoughts are with the communities in Queensland, New South Wales and Victoria affected by flooding, many of whom are FSU members. Queensland members who need advice or assistance from the union should call the Member Rights Centre on...

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Show your support for Faye Thursday, 2 December 2010

I am pleased to release the FSU’s Annual Report for the previous financial year, and I want to thank all FSU members for their participation and support in 2009/10. Your union recovered over $11 million for members during the financial year,...

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Finance sector workers, especially those in customer facing roles, are the visible faces of their respective organisations. So when the company you work for makes a decision that is unpopular, it is the workers on the front line, rather than the...

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If anyone knows first-hand what the devastating effects of climate change are, it’s the Insurance industry. When the flood waters ebb away, or the embers of a fire are extinguished, it is Insurance assessors and claims officers who assist...

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Seventeen days after we went to the polls, the make up of the next Government of Australia became known. Since then, the Gillard Government Ministry has been announced, and I congratulate Bill Shorten on being sworn in as the Minister for Financial...

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Federal Election Aftermath Wednesday, 25 August 2010

Dear members, As the aftermath of the election is being digested, I wanted to give you a brief overview of your union’s campaign activities and what we achieved. We know that to effect change on issues of concern to members we must...

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In the past week or so we’ve seen another RBA rate rise, another round of the banks overshooting the RBA rate mark, and another series of chastisement from the PM and the Treasurer. It’s starting to feel like Groundhog Day. FSU...

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Financial Products Inquiry Report Thursday, 3 December 2009

If a stadium collapsed, killing or injuring thousands of people, we’d rightly expect something done.  There would be an inquiry, no doubt, followed by recommendations.   And industries involved would be told, not asked, to...

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On the face of it, Australia seems to have dodged most of the bullet that hit the world economy about a year ago.  Though we are the only developed country to avoid a technical recession, Kevin Rudd should resist the temptation to gloat at...

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The Global Financial Crisis has brought to light many of the excesses of our financial and corporate systems. As US banks start to return to profitability and economic forecasters point to signs of recovery, we cannot afford to simply return to...

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Campaigning delivers Thursday, 14 May 2009

The FSU reported to members recently on significant developments resulting from the union’s long running campaigns to stop offshoring, and to promote responsible lending practices by our banks. The union welcomes moves by both the...

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