RBA plans to cut our real wages

At a recent meeting, the RBA confirmed that their pay increase offer (4% in 2023, 3.5% in 2024 and 3% in 2025) will not change.

This is despite repeated appeals from RBA staff calling on RBA to keep annual wages ahead of the rising cost-of-living.

RBA plans to go to a staff ballot with their sub-standard pay offer as part of the proposed new Enterprise Agreement (EA). This offer is significantly lower than current inflation and matches the first pay offer seen in current APS bargaining, which received a resounding ‘No’ vote from 86% of APS staff.


RBA has also rejected our claims for:

  • An increase to super contributions,
  • Work from home provisions to be enshrined in the new EA,
  • Uncapped Gender Affirmation Leave to be enshrined in the new EA,
  • Uncapped Emergency Responder Leave and removal of evidence requirements,
  • Paid allowances for First Aid Officers and Emergency Wardens,
  • Inclusion of an option to cashout of the RDO scheme,
  • FSU presence at staff inductions and inclusion of an FSU information page on the RBA’s intranet.


 RBA has agreed to:

  • Increasing Paid Parental Leave from 14 weeks to 18 weeks,
  • One additional day of serious illness related Compassionate Leave,
  • Access of overtime pay to be afforded to part-time staff,
  • Establishment of a Joint Consultative Committee.


Will you accept this below industry standard deal?

The FSU will be running the following sessions to get your feedback before the next bargaining meeting scheduled for Wednesday 9 August.


These sessions are open to FSU members and all RBA workers covered by the EA. 


Register: tuesday 8 August, 12pm (AEST)

Register: tuesday 8 august, 5.30pm (AEST)


Please share this update with your colleagues so everyone has an opportunity to participate and have a say.

Authorised by Julia Angrisano, National Secretary