A CBA spokesman said he was in preliminary talks with the FSU on the possibility of a new agreement and was not in a position to comment on the matter. Most banks and insurers are not directly affected by the new rules because they are covered by corporate agreements. However, FSU Secretary of State Julia Angrisano said her union would demand the requirements of the agreements and warned that each new EA would be tested against the new allocation clauses as part of a better overall test at the Fair Work Commission. Registered contracts apply until they are terminated or replaced. If a job has a registered contract, the premium does not apply. However, Rees says about 8,000 IAG employees are covered by the agreement and a “significant proportion” of these workers are unionized. “After reaching an agreement in principle, IAG has spent the last few months telling employees that they are not worth a decent pay rise and has moved away from its previous offer,” said Nathan Rees, FSU Deputy Secretary. Home/Corporate/IAG and unions argue over the Enterprise Pay Deal The union says the two parties reached a “principle” enterprise agreement (EA) before the break – and that a new proposal from the company is worse than previously agreed. The financial sector union (FSU) and insurers began negotiations for a new enterprise agreement late last year, but talks were called off in March when COVID-19 struck. The new enterprise agreement also includes broader requirements for promoting diversity, equity and inclusion.
The Financial Sector Union said it will continue negotiations on new enterprise agreements with National Australia Bank and IAG and will do the same with Commonwealth Bank of Australia when it begins contract negotiations before the end of the year. The Fair Work Commission can also help employers and workers who are embarking on the “New Approaches” program. Learn more about the new approaches on the Fair Labour Commission website. An IAG spokeswoman said the company`s negotiations for a new agreement were “positive, progressing well and we believe the benefits to our employees will be improved after being finalized.”