Almost 700 Reserve Bank employees have won annual average pay rises of 3.83% a year with the potential for more from a 2% annual bonus pool and a "career increment" pool that has been set at about 1% for the first year, under a new agreement with the FSU.
The Victorian Supreme Court has ruled that a senior employee is not required to re-pay a 12-week redundancy payout that her former employer wanted back after discovering it had no legal obligation to make it.
The Federal Court has fined a company and its managing director $30,000 for signing seven employees up to individual flexibility agreements with unlawful terms and threatening with dismissal or loss of shifts employees who resisted. Meanwhile, the ACTU has predicted that a FWA research study will reveal widespread abuse of the individual deals.
