Bargaining between ME Bank and the FSU is now complete and you will have been sent a link to the proposed document as well as had the opportunity to attend staff briefings.

As communicated already the FSU is endorsing the proposal as we see it as the best option for members in the current circumstances, given that it secures an across the board increase for most staff and secures Fair Work Australia improvements to the agreement going forward.

We would like to reiterate the following changes to the agreement:

• 1  year agreement
• 3.5 % increase for staff under $104,900, 2% for staff over that, 0 for employees who are at executive level or direct report to exec and their package is greater than $104,900
• increase to threshold for RDOs to $104,900 in the agreement
• Improvement to higher duties payment; for base salary of higher duty role or 3% whatever is higher (this should mean more staff get access to this)
• Cashing out of Annual leave clause included as per FWA
• Clearer definition of fulltime and part time work (no change to effect)
• Simplification of Hours of work clause (no change to effect)
• Inclusion of classification structure as per the FWA
• Simplification of OT clause
• Update of parental leave clause to comply with FWA
• Flexibility clause as per FWA
• Inclusion of union rights clauses
• New consultation clause as per FWA
• Removal of references to IFS and IFM

We encourage all staff to take the time to review the document and make sure you vote next Monday when the ballot opens.