Dear Westpac Group Members,
Last year FSU members working in Westpac Group successfully campaigned for a new Enterprise Agreement that included industry leading pay increases, a range of increased leave benefits and the introduction of a new Future of Work Role.
The Enterprise Agreement was supported by Westpac Group Staff in October 2018 when 90% of staff who participated in the voting process, voted Yes.
In November 2018 the Enterprise Agreement was lodged with Fair Work Commission for final approval, which has now occurred. This means the Westpac Group Enterprise Agreement 2019 will officially come into effect from 30 January 2019.
The industry leading pay increases and new benefits have already been made available to staff as of 1 January 2019. Subject to meeting criteria, staff eligible to receive a fixed pay increase, have received an increase of:
- A 3.25% fixed pay increase for staff earning up to $82,500;
- A minimum 2.25% fixed pay increase (with discretion for more), for staff earning between $82,501 and $106,500;
- A 2% annual pool of funds to be spent on fixed pay increases for staff earning between $106,501 and $160,000. The pool of funds will be distributed based on remuneration review.
Contact our Member Rights Centre on 1300 366 378 if you would like further information on the EA or have any questions.