RBA asked for three weeks to reconsider its inferior Enterprise Agreement (EA) proposal after it was resoundingly rejected at the all-staff ballot in August. The Bank has now returned with a counter-offer, and it is insulting and disappointing.
Click here to tell the Governor what you think about this sub-standard offer!
RBA’s latest proposal
- A next to negligible 0.5% increase to their 3 year pay increase offer (10.5% to 11%). This falls short of even the revised offer provided to the Australian Public Service that staff there are fighting (10.5% to 11.2%)
- Uncapped paid Family and Domestic Violence Leave
- Paid Parental Leave can now be taken over 24 months
- Removal of ceiling cap on salary levels
- NO to current WFH conditions enshrined in the agreement
- NO to increasing super contributions to 17.5%
- NO to uncapped Emergency Responder Leave
- NO to Gender Affirmation leave enshrined in the agreement
- NO to Reproductive Health Care Leave
- NO to cashing out of RDO scheme
- NO to 3 days Cultural Leave (a new Australian Public Service Common Condition)
This counter-offer still puts RBA staff at the bottom of the ladder in terms of pay and conditions when compared to our colleagues at NAB, ANZ, Bendigo Bank, Hostplus, Teachers Mutual Bank Limited and the APS.
We sent a clear message at the last EA ballot. We now call on the RBA Governor to step in and show staff that the Bank is listening and values its staff.
The next EA negotiation meeting is scheduled for Monday 23 October where feedback on the latest offer will be provided to the Bank.
Let the Governor know what you think by providing your feedback here. No individuals will be identified when feedback is provided.
Your FSU Team