13 August 2026
CBA profits bolster case for fairer pay rises
CBA has posted another record profit – this time $11 billion.
You would have seen late last week that CBA finally put forward their initial pay offer as part of ongoing negotiations for our new Enterprise Agreement covering CBA and Bankwest workers.
This offer is not a negotiated position. It has not been endorsed by FSU representatives, nor has it been discussed in any negotiation meeting. In fact, CBA informed the FSU of their pay position only hours before announcing it to all staff.
Unpackaged employees (about 30% of employees):
Packaged employees (about 70% of employees):
The FSU undertook a comprehensive survey of members at the beginning of the bargaining process to formulate our pay claim, which is 5% or CPI (whichever is greater) per year of the EA (15% over three years) for all employees.
This survey also highlighted other important issues for CBA and Bankwest workers that we want to see addressed in the Enterprise Agreement, including:
Your bargaining team will continue to negotiate in good faith. Concerningly, CBA has so far failed to address these claims, instead thinking the status quo is good enough.
CBA’s full-year profits are due to be announced on Wednesday. If analysts’ predictions are accurate, it will again be over $10 billion, showing the bank can well afford to give you industry leading conditions and pay you fairly.
CBA employees are the backbone of Australia’s largest bank. Every day we contribute to CBA’s success, and we expect to receive our fair share of profits.
But we can’t expect this just by asking. We need to demonstrate to CBA that you demand a better Enterprise Agreement.
Stay tuned, we will provide a further update with next actions later this week.
CBA has posted another record profit – this time $11 billion.
CBA has proposed another round of job cuts. This time, 274 jobs are…
In yet another blow to frontline banking services, CBA has confirmed it will…
