Latest news

MUFG RSS:Approval process for our Agreement + are you working unpaid overtime?

Our MUFG Enterprise Agreement, which employees voted for last year, is currently being considered by the Fair Work Commission for approval.

As part of this process, our union has brought to the Commission’s attention potential issues regarding the Agreement.

In addition to our concerns that some information shared by management during the ballot period was misleading, we are also concerned that this Agreement may not pass the ‘Better Off Overall Test’ (BOOT) – meaning some of our entitlements may not be better off overall compared to the minimum entitlements set out in the Banking Finance and Insurance Award.

It is important that these concerns are raised – and this is the time to do it. Testing if an Agreement passes the BOOT is exactly what our union is here for: to protect members by ensuring our entitlements are fair.

We will keep you informed of any updates.

Are you working overtime and not getting paid?

Members have also raised concerns with our union that staff are working additional time either before or after their shift and not getting paid for it.

No one should work for free. What may only be a little bit each day can quickly add up to hours of unpaid time each year.

Let us know if this is an issue for you by completing our short feedback form.

FSU members can also view our fact sheet on unpaid overtime for more tips and advice.

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.