25 September 2023

What will it take to win what we deserve?

We returned to the bargaining table with RBA this week following our successful ‘No’ vote, where we resoundingly rejected the Bank’s sub-standard Enterprise Agreement (EA) proposal.

We are disappointed that RBA had over 3 weeks to return to the bargaining table with an improved offer – which was not provided. On 29 August, the Australian Public Service received a 0.7% increase to their original three-year pay offer of 10.5%. Will RBA leave you at the bottom rung in the public service for pay increases?

We need a fair and decent pay increase – we’re calling for a 6% pay increase in 2023 (and backdated to 8 September 2023), 5% in 2024 and 4% in 2025.

We also want your work from home conditions and existing and new progressive leave types to be entered into the Agreement – many entitlements which are due to be rolled out across the APS.

The Bank advised that they will take three weeks to consider our proposed changes, with the next meeting on Monday 9 October.

What’s acceptable to you?

While the Bank considers our claims, we want to know – what’s an acceptable offer that you would consider saying yes to?

Take our quick poll and tell us where you think pay, flexible working and progressive leave options need to be.


We’ve sent a very clear message to the Bank with our ‘No’ vote, and we expect the Bank to respect the vote, listen to what staff have to say, and return to the table with a genuine offer.

We’ll continue to keep you updated. If you aren’t already a member, join today.

In unity,

Your FSU Team

Authorised by Julia Angrisano, National Secretary