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We all know how our employers operate, and that they cannot be trusted to do the right thing. We are already seeing jobs cut and work being offshored with escalating workloads, and new surveillance tools rolled out with little consultation or care for the people affected.

Our latest survey shows just how deeply this is being felt, with 70% of us saying AI threatens our job security, up from 60% last year, and more than half of us reporting that monitoring at work is harming our wellbeing.

It is clear AI is being deployed to drive down costs, not improve conditions. Voluntary guidelines will not shift the behaviour of the big banks. Only strong, enforceable laws will hold employers to account and ensure workers are protected from the harms posed by rapidly changing technology.

To keep finance workers safe, we’re calling for laws that guarantee:

• workers have a say when new technology is being implemented;
• workers have the skills and training to be part of the finance sector of the future;
• workers have adequate support and time to find redeployment opportunities or retrain if they are displaced by new technology; and
• workplace surveillance is only used to keep workers safe.  

These priorities come directly from you – from what thousands of finance workers told us in our recent AI report and survey. You have been clear about the risks, the uncertainty and the urgent need for action.

We have been lobbying hard in Canberra for these protections, and we won’t stop. We’re committed to working with the Government to turn this plan into real, enforceable rights.

If you want to get more involved in our campaign for safe, fair and transparent AI in finance, please tell us here.