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We know this wasn’t the result many of you hoped for. This outcome was by no means a strong endorsement of RBA’s proposal and in many ways reflects a broader cultural issue across the bank where we aren’t valued and our feedback is dismissed.

If RBA wants to continue to retain high-quality talent and address the high turnover staff, then it needs to start listening to us and show that our skills, knowledge and experience is valued – this is something we’ve said from the very beginning.

While we were prepared to continue fighting for pay increases that keep up with the cost of living and to gain security in current work from home entitlements, rest assured we’ll continue these important conversations on your rights and conditions in the new Joint Consultative Committee (JCC), established in the new EA.

We are proud of the hard work and commitment from FSU Workplace Representatives, union members, and everyone who took action. Without all your efforts the improvements to pay and conditions we achieved in the current EA would not have been possible.

What happens next?

RBA management will now prepare an application for the proposed Agreement to be approved by the Fair Work Commission. Our Union will prepare a submission to ensure all regulatory requirements are met.

We will continue to work hard to ensure RBA staff are recognised for the critical role we play in our economy and the Australian community. If you have any questions about the new EA, you can contact us at [email protected]

If you are not a member yet, join with your colleagues here.

Your FSU Team