Bonus Clawback: Update

It’s unfair to try to take money back off people now, a month later

You may have already heard about the errors CBA have made with the payment of bonuses to many employees on the EA.

If you haven’t the background is here. This is an update on that issue.

Yesterday, in an effort to resolve this, the FSU put our position to CBA. Our position is that this was not an “overpayment” – they wrote to staff outlining a bonus amount and then paid that amount. We put to them that it’s unfair to try to take money back off people now, a month later due to a mistake CBA made.

The FSU believe that CBA should wear the cost of their mistake, especially when they’re prepared to spend $7.5million on giving customers $50 each!

We didn’t hear back from CBA last night as we had hoped – they did reply to say that they needed more time to consider the union’s position.

The union will start ramping up a public campaign around this in the meantime.

There are some things you can do to help:

If you’re on Facebook: Like this post and tag some friends in it, that’ll help tell Facebook that this is important content that should be shown to more people.

We’re getting a lot of calls from stressed out people all over the country about this. If anyone in your team has received the letter but has not signed up online or is not yet an FSU member, please pass this information on to them. We have a much better chance of a good outcome when we stand together!

There’s a flyer you can print and distribute around your workplace available here.

Please get in touch with any questions at all! Contact the Member Rights Centre on 1300 366 378.



Contact Details

Finance Sector Union
Ph: 1300 366 378

Authorised by Julia Angrisano, National Secretary