FSU Update - RBA Underpayments and Your New Workplace Agreement Survey

In an email communication to RBA staff and FSU last week, the Bank announced that it had identified instances of underpayment. These underpayments relate to payments for annual leave, long service leave and rostered days off (RDOs) when an employee elects to receive a cash payout. The Bank has also identified instances of underpayment in relation to the maintenance of base rates for a few employees on individual flexibility agreements.

Underpayment issue previously raised by FSU


Earlier this year, your FSU Workplace Representatives employed at the RBA raised concerns around employees not receiving benefits when cashing out annual leave and pursued this issue on behalf of impacted members. This issue particularly related to the cashing out of the Health Benefit Fund; it has impacted existing RBA employees as well as those who have left the Bank. We are encouraged that the RBA is now conducting a wider investigation into this issue and other instances of underpayments.

If you believe you have been affected by these issues, but have not received confirmation from the Bank, please contact the FSU Member Rights Centre on 1300 366 378.

RBA Workplace Agreement negotiations due next year


Over the coming months your FSU team at the RBA will be developing a bargaining position to take to RBA management in 2023. Prior to that we are looking for initial feedback from RBA staff on what’s important to you and what you can do to ensure that we achieve the best outcomes on behalf of members. Have you provided your feedback? Let us know what’s important to you HERE.

Not yet an FSU member? Join with your colleagues HERE.