Most banks and insurers are not directly affected by the new rules, as they are covered by company agreements. The Fair Work Commission can also help employers and workers negotiate with their New Approaches programme. Read more about The New Approaches on the Fair Work Commission website. FSU National Secretary Julia Angrisano, however, said her union would demand the requirements in the agreements and warned that any new EAs would be tested against the new award clauses as part of the Fair Work Commission`s improved overall test. A spokesman for the CBA said it was in preliminary talks with the FSU about the possibility of a new agreement and was not in a position to comment. If a job has a registered agreement, the bonus does not apply. However, the Financial Sector Union says it is following the requirements in negotiations regarding new corporate agreements with National Australia Bank and IAG and will do the same with the Commonwealth Bank of Australia when it begins talks later this year. Registered agreements are valid until terminated or issued. An IAG spokeswoman said the company`s negotiations for a new deal were „positive, progressing well and we believe they will improve benefits for our employees once they are completed.“ However, the industry lobby group said employees oppose the new rules because they conflict with flexible work practices. „Average managers of $100,000 to $150,000 tell us they are under tremendous pressure to come to work on weekends, and in some cases it has become quite normal,“ she said. If you have it, we will continue and continue until it is resolved, and we will never delay action. We do the right thing, even if it`s hard, and we don`t say, „This is not my job.“ We do the maximum of what we have and never spend more time, resources or money than it takes.
It said excessive working hours were a problem for its middle management members, including branch managers and above, IT professionals and analysts. „The safety and well-being of our employees is paramount and we are taking appropriate steps to ensure that they do not work too much and that they do not have breaks between teams.“ The Australian Financial Markets Association, which represents insurers and the big four banks, called the new rules a „regression“ that would take the industry „back to rigid working paradigms older than the last century and give the message that time at work is more important than providing an agreed quality product“. . . .