The results are in – 57% of RBA staff have voted to reject the Bank’s inferior Enterprise Agreement (EA).
This Agreement would have put us at the absolute bottom rung of the ladder in terms of pay and conditions, and the proposed pay offer of 4% in 2023, 3.5% in 2024 and 3% in 2025 did not even come close to meeting inflation.
We’ve now sent a resounding message to RBA that this was unacceptable to us. Well done!
We will now return to the bargaining table and have an opportunity to negotiate for an improved pay offer that meets the current cost of living, and working conditions that are positive and progressive.
RBA needs to be ready to listen to us and to address the issues that staff want fixed.
We know our colleagues at the CPSU also voted no on this exact pay offer, so we’ll be watching closely when they are due to receive a revised offer next week.
Rejecting this poor Agreement is a massive win and we congratulate RBA staff for standing up and taking this decisive action to vote no.
As we return to the bargaining table, we’ll need everyone to continue standing strong and being engaged in the process so we can achieve a better outcome.
We’ll continue to keep members updated as negotiations progress.
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