Latest news

No commitment to backpay from AustralianSuper

During recent negotiations for our new Enterprise Agreement, AustralianSuper said they would not commit to backpay at this stage.

We are not going to accept this. When negotiations extend beyond the previous Agreement's nominal expiry date, offering employees backpay is usually standard practice – and we expect no less.

Your priorities

Meanwhile, FSU members have told us what issues matter most to you for the remainder of negotiations. A majority of respondents told us you want:

  • Increased superannuation contributions
  • More flexible work from home arrangements
  • Improved leave entitlements, including reproductive health care leave
  • A commitment that no one will be made redundant during the Christmas period.

How does AustralianSuper compare?

Management has previously stated they want AustralianSuper to be the "best place to work in finance". Unfortunately, the reality – and their refusal to improve their position – suggest otherwise...

C’mon, Mr Schroder, make AustralianSuper #1!

Incredibly, when it comes to the superannuation gap and us falling further behind other super funds, AustralianSuper has stated that they are "not bothered by the erosion".

The fund says they’re not convinced that reproductive health care leave is necessary.

The fund also says they're not prepared to promise not to sack employees before Christmas.

CEO Paul Schroder must take more of an interest in the working conditions of his employees, and show us he's serious about making AustralianSuper the number one fund.

Our next meeting with management is next week, and we'll be making it clear that AustralianSuper employees expect genuine, good-faith negotiations that are not simply one-way demands or rejections from management.

We'll keep you posted after our next meeting. In the meantime, if you're not yet a member of our union, join today for the support and protection you need.

Related content

BECOME AN FSU MEMBER TODAY.

When you join the FSU, you get access to expert workplace support whenever you need it. From pay and conditions to restructures and workplace disputes, we help you understand your rights. You'll receive representation where it’s needed and access to exclusive member benefits that add value beyond the workplace. If something isn’t right, or you simply want clarity about your options, you don’t have to navigate it alone.
Proudly supported by:
The Finance Sector Union respectfully acknowledges the Traditional Owners of the land on which we live and work, and pay respect to First Nations Peoples and their Elders, past and present.
Authorised by Julia Angrisano, Finance Sector Union of Australia, Level 13, 380 La Trobe Street, Melbourne, VIC 3000.
Copyright © 2026 Finance Sector Union (FSU). All rights reserved.