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RBA tone deaf on pay and cost of living

The RBA has dismissed employee feedback for a cost-of-living pay rise in our new Enterprise Agreement. We urge you to register and attend one of the following FSU meetings this week so we can fully explain what management is proposing and what we’re going to do about it.

What has the RBA said about our pay?

The RBA Executive Committee has said the 9.5% pay offer over three years is what employees deserve. Members disagree. We think RBA employees deserve to stay ahead, not fall behind. That’s what will happen if the RBA gets its way, given CPI is at 3.8%.

Their pay offer also falls well below what other employers are considering for their workers – see how the RBA’s offer compares.

What else is the RBA proposing?

The RBA is also proposing other changes that may leave employees worse off, including:

  • Changes to shiftwork arrangements
  • Access to overtime payments
  • Consultation around redundancies.

Our FSU Representatives are seeking further clarification on the RBA’s position around these issues.

Please ensure you register for your preferred FSU meeting above. It’s critical we all understand what the RBA is proposing and the effect these changes could have on all of us – and more importantly, how we can work together to shift management’s position and win what we deserve.

Not an FSU member yet? Join today to ensure you get the support and protection you need.

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Authorised by Julia Angrisano, Finance Sector Union of Australia, Level 13, 380 La Trobe Street, Melbourne, VIC 3000.
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