Breakthrough – “In-principle” agreement at ANZ for the first time in 7 years!

This year, union members brought ANZ back to the bargaining table following the Bank’s refusal to negotiate improved employment conditions since 2017. Over that time, the ANZ Enterprise Agreement (EA) became outdated and one of the worst in the industry.

But as a result of this round of bargaining and your actions, ANZ employees will have an EA they can be proud of, with competitive pay and industry leading conditions.

On Friday union members from across the country met to consider the package of improvements secured by members and your FSU Bargaining team. 94% of members overwhelmingly endorsed the package.

Together we have significantly improved pay at ANZ delivering:

  • A 16.5% increase for Group 5 & 6 employees between 2023 and 2026,
  • Guaranteed pay increases for all those in Group 4 earning up to $155,000 (TEC) in 2023 and 2024,
  • Requirement of transparency and funding of annual salary increase budgets, and
  • A right to dispute individual pay reviews.

Union members have also secured:

  • Greater control of our hours of work,
  • More capacity to raise staffing and workloads issues,
  • More leave benefits that reflect the diverse ANZ workforce,
  • A genuine voice to influence change into the future, and
  • Flexibility and choice over where and when we do our work, including working from home rights.

Read about all the improvements union members have won here.

Next steps

The FSU and ANZ will soon discuss the timeframe for an all-staff ballot, expected to be in early September. Your union will provide further details and a full copy of the proposed EA in due course. The FSU will hold information sessions to answer any outstanding questions about our new EA and the ballot process, so keep an eye out for further details.

What can you do?

This fantastic result shows us that when we stand together with our colleagues, we build better workplaces.

Winning a better deal in our Enterprise Agreement is just the start – much more can be achieved at ANZ with strong, active union members. So today is the best time to join if you’re not already a member or ask a colleague to join!

Questions and feedback

If you have further questions, please reach out to your union rep, your Organiser, or email and our team will be in touch.

In Unity,

Your FSU Team

Authorised by Julia Angrisano, National Secretary