As a result of the merger with ME Bank, the FSU and the Bank of Queensland have made an agreement to leave the current Enterprise Agreement that covers BOQ staff in place until next year. Your Union has agreed to this decision as we believe it is in the best interests of FSU members that a single Enterprise Agreement be developed in 2022 that covers all BOQ and ME employees.
This will mean that in 2022 we will have an opportunity to develop a single Agreement that provides the best standards from both the current ME Bank and BOQ Enterprise Agreements.
What does this mean for BOQ pay in 2021?
BOQ has today announced the following increase for employees covered by the Enterprise Agreement.
- 2% fixed remuneration (FR) increase effective from the first full pay immediately following 1 October 2021.
- In order to commence alignment between the BOQ and ME Bank EAs, the way in which your annual FR is converted into your fortnightly pay is changing which means that there is an additional 0.25% increase in fortnightly pay over the nine month period to July 2022, which equates to approximately 0.4% annually.
All other conditions in your current EA will be maintained. You can view your current EA here on our FSU website.
Need more info? Have any feedback?
If you would like to know more about your pay and conditions for the remainder of 2021 and into 2022, reply to this email, contact the FSU Member Rights Centre on 1300 366 378 or email fsuinfo@fsunion.org.au
In the current environment FSU believes this is the best decision for FSU members covered by the BOQ Enterprise Agreement and provides for certainty around pay and conditions in a very uncertain time.
Shortly, your Union will be asking FSU members for feedback as we build our claim for a single Agreement in 2022. Look out for more on this over the coming months.