1.5% pay increase. How do you rate this offer?

G&C Mutual Bank Enterprise Agreement 2021

G&C Mutual Bank Limited have revised their annual pay offer under the proposed new enterprise agreement, from basing it only on the consumer price index (CPI) to a set quantum of 1.5% or CPI, whichever is greater.

The FSU’s claim stands at a 2.5% annual pay rise.

We would like to hear from you before our next bargaining meeting on Thursday 20 May on – how do you rate the bank’s latest offer?

A quick enterprise agreement comparison on annual pay increases shows the following:

Enterprise 2019 2020 2021
Unity Bank 2.4%
Police Bank 2.75% 2.75% 2.75%
Hume Bank 2.5% 2.5% 2.75%
Teachers Mutual Bank 3% 3%
Service One Mutual 3.5% 3.5% 3.5%


You can provide your feedback here.

Here’s the outcome of our bargaining so far:

  • Improvement to Domestic and Family Violence Leave provision
  • Superannuation to be applied on government paid parental leave scheme (up to a maximum of 18 weeks)
  • 7 weeks paid parental leave for both primary and secondary caregivers
  • 10% increase to uniform allowance

In Unity,



Authorised by Julia Angrisano, National Secretary