Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

ANZ and finance union clash again

ANZ/

11 May 2004
| By Craig Phillips |

The ANZ Bank and the Finance Sector Union (FSU) are at loggerheads again after appearing before the Australian Industrial Relations Commission (AIRC) over a dispute relating to the union’s right of entry for its officers and officials as per the Workplace Relations Act 1996.

The dispute follows a recent resolution between the pair following a ruling in March by the AIRC in favour of ANZ over a two-year employee severance pay dispute relating to its joint venture armING Australia.

This time around, the FSU is claiming it is being “hindered” in seeking access to its members and potential members in the course of investigating a suspected breach of the Workplace Relations Act

The Act requires ANZ to allow union officials “to enter, during working hours, any premises where employees work who are members of the organisation of which the person is an officer or employee”.

FSU communications manager Rod Masson says this has not been the case with ANZ attempting to influence its dealings with members and employees.

“The Act does not give the employer the right to set the protocol on how we liaise with employees, such as having employees meet with our officials in a meeting room next to the manager’s office,” Masson says.

According to an ANZ spokesperson the bank will discuss the right of entry issue with the union over the next four weeks with the aim of reaching a mutually accepted resolution on the matter.

The AIRC’s March ruling in relation to the ANZ and FSU, a dispute that was first heard in April 2002, will save ANZ having to pay several million dollars to 476 of the 479 ANZ employees who transferred to new roles shortly after the combined venture kicked off in May 2002.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

2 weeks 1 day ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

3 weeks 1 day ago

So we are now underwriting criminal scams?...

6 months 3 weeks ago

After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

2 weeks 2 days ago

A professional year supervisor has been banned for five years after advice provided by his provisional relevant provider was deemed to be inappropriate, the first time th...

4 weeks 1 day ago

WT Financial’s Keith Cullen is eager for its Hubco initiative to see advice firms under its licence trade at multiples which are catching up to those UK and US financial ...

2 weeks 6 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
74.26 3 y p.a(%)
3