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Joint statement by the FSU and NAB 

The Finance Sector Union of Australia (FSU) and National Australia Bank (NAB) confirm that they have reached an agreement to resolve the matters that were the subject of proceedings in the Federal Court of Australia.

The proceedings raised important matters regarding the health, safety and wellbeing risks associated with excessive additional hours of work.

Following constructive negotiations through mediation. the parties have agreed to settle the proceedings on a 'without admissions basis' that resolves the dispute and establishes clear arrangements moving forward.

As part of the settlement, the parties have agreed to:

• An industry-leading health, safety and wellbeing framework to mitigate the risks associated with working additional hours.
• Greater oversight of the health, safety and wellbeing risks arising from working additional hours.
• A Joint Working Group to oversee the implementation of the framework. 

The FSU and NAB acknowledge the significant role played by the four FSU witnesses and all FSU members who raised concerns and stood together throughout this process. Both parties recognise the importance of ongoing constructive dialogue in resolving complex workplace matters and have committed to continuing to work together to ensure fair and sustainable outcomes for all NAB employees.

The settlement brings the proceedings to a close.