After months of negotiations and campaigning, we have secured an improved pay offer at CBA and Bankwest. With this new pay offer, along with other improvements we have negotiated, the FSU Bargaining Team has reached in-principle agreement for our new Enterprise Agreement.
So what have FSU members negotiated in the proposed CBA and Bankwest Enterprise Agreement?
Pay
Unpackaged employees:
Packaged employees:
How do I find out if I am unpackaged or packaged?
- Unpackaged: At CBA you would typically receive the PRP bonus and payment for overtime. This includes Bankwest Level 1 and 2 staff.
- Packaged: You would typically receive an STVR and not receive payment for overtime. This includes Bankwest Level 3 and 4 staff.
What does this pay offer provide?
- Guaranteed pay increases for everyone in Year 1 of the Agreement (backdated to 1 July 2026) and payable on ‘Yes’ vote (no need to wait for Fair Work Commission approval).
- Highest pay outcome in the industry for Tier 1 unpackaged employees, at 13%.
- Greater fixed-pay increases and less reliance on discretionary pay.
- Significant movement from CBA's original pay offer, including up to an additional 6.5% guaranteed pay for Tier 3 and Tier 4 employees.
Other improvements
- Three-year Enterprise Agreement covering Commonwealth Bank and Bankwest employees, including coverage of Bankwest Level 3 and 4 employees.
- Removal of $119,400 & $170,000 entitlement carve outs and simplified to one at $145,000, indexing over the life of the Agreement.
- Improved language for setting KPIs/performance objectives, meaning greater consultation.
- Performance Related Pay (PRP) simplified – increased potential outcomes for GC level staff.
- Expanding 5 days' paid family planning leave to include reproductive health.
- Paid parental leave increasing to 20 weeks (currently 18 weeks).
- Introduction of an Artificial Intelligence Committee.
- A new Sustainable Workforce provision dealing with workforce change, support and reskilling.
- A First Nations employment clause.
- Relaxation of three months Flex Work Agreement review period for permanent or long term circumstances.
- Higher duties for CBA staff covering Branch Manager and Bankwest staff covering Team Leader duties after one day (rather than four consecutive).
- Enshrining on-call allowance of $500 in the Agreement and to be indexing by 3.5% in years 2 and 3 of the Agreement.
- Uplifts to first aid and kilometre reimbursement allowance and indexed for the life of the Agreement.
- Domestic relocation allowance doubled to $3000.
- Workloads and staffing clauses amended to make it clear that “learning” should be done in paid time.
- A strengthened clause providing greater protection from "start before you start" expectations.
- Rest/tea breaks now applicable to Bankwest staff.
- Removal of requirement to work 15 mins before overtime or TOIL triggered for Bankwest staff.
