Issue No.15 of 2011 Thursday 16 June




Fair Work Australia decision sounds death knell on Bank of Queensland Workchoices Agreements

Message from the National Secretary,
Leon Carter

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 yesterday.

We’ve taken another step on the road to a Workchoices-free finance sector, and that’s good news for finance workers, particularly those who have been disadvantaged by inferior employment conditions.

Fair Work Australia granted an application by the FSU for orders under the Fair Work Act Transfer of Business provisions that the Greenfields Agreement would not transfer with the transferring employees, and instead the BOQ Enterprise Agreement 2010 would apply to those employees. Importantly, the Bank of Queensland supported the FSU’s application.

 Click here to read more

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Update: CBA EBA negotiations 

In early July, the FSU will be holding paid reps consultation meetings across the country in work hours. To ensure you have a say and are updated on the progress of Enterprise Agreement negotiations, your workplace needs to be represented at one of these meetings.

 Click here to read more

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 Keeping it Real blog: Real stories from real people working at CBA

"More than 50% of my PF & R is calculated on things that I have no control over."

Sound familiar? How about this?

"I don't know how the bank can use the current system, Frontline KPI Tracking, often points are not credited for products sold. A few times points have been deleted from my year to date total."

If you have an opinion or an experience with PF&R that you’d like to share, you can do so anonymously on the FSU online forum.

Join the online conversation about performance measures and targets at CBA.

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IAG workers are smashing the pay taboo! 

The rules of society have evolved – taboo subjects like religion and politics are now openly discussed, and smashing one of the last taboos – money – is one way we can demonstrate how beneficial transparency can be.

You may suspect that colleagues doing the same or similar work, with the same level of experience as you, may be paid more than you are, but wouldn't you like to know for sure? Wouldn't you like to know how pay at your company compares with pay at other finance sector companies?

After all, what's the big secret? Maybe there's something you don't like about the pay system at your work, or maybe you think it's great?
Whatever you think, share it here.

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FSU in the news 

 AAMI shuts its retail branches in move online
Sydney Morning Herald, 3rd June

 Bank staff pressured to flog unnecessary loans
The Sunday Age, 5th June

 Union wants volume sales commissions stopped
Insurance News, 6th June

 Australia's finance sector on tight fix
International Business Times, 6th June
 Clients steered towards wrong products: FSU
Money Management, 6th June

Working Australia Census in last weeks – Don’t miss your chance to win $1000

Workers around Australia are having a say in shaping a better future for Australia’s workforce and their families by taking part in the largest ever national survey of workers. The survey is in its last weeks and the FSU encourages all members to participate.

ACTU President Ged Kearney said, “The Working Australia Census 2011 is a unique opportunity for workers to have a say about their priorities to help shape the union movement’s agenda for many years to come.” Every union member taking part in the census will be eligible to win a $1000 prize, courtesy of ME Bank.

 Complete the Working Australia Census

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FSU membership fees increase from July 1, 2011 

A recent meeting of the FSU National Executive, comprising representatives from finance sector workplaces, endorsed an increase of 3%, a level below current CPI, to membership fees for the 2011/2012 financial year.

The new fees, effective from the 1 July 2011, will be:

Members working 30 hours or more per week 

  • Per Week - $10.37
  • Per Fortnight - $20.74
  • Per Month - $44.94
  • Per Quarter - $134.81
  • Per Half-Year - $269.62
  • Per Annum - $539.24

Union membership fees are tax deductible and Tax statements will be issued in July to members paying FSU membership fees by Direct Debit or Credit Card. Make sure you receive your tax statement (so you can claim your union fees tax deduction) by updating your details now.

 Update your details online 
Email or call 1300 366 978.

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FSU is pleased to offer members $8 adult cinema tickets throughout June, at any Hoyts or Village cinema. Pay $8 for any cinema session held on Monday to Thursday (except public and school holidays) at Village/Greater Union/Birch Carroll Coyle cinemas. You can purchase tickets for the same price to attend a session at any Hoyts cinema on Monday to Thursday, including public and school holidays. The tickets are valid until the end of February 2012 but are only available for purchase in June so get your skates on and order yours today!

Can’t make it to the cinema during the week? Don’t worry, you can still purchase Village and Hoyts tickets for other days at our usual low prices.  Call 1300 366 378 to book your tickets, or download an order form here.

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Authorised by FSU National Secretary Leon Carter