According to the sources, employees employed in enterprise agreements were generally casual or part-time workers working in call centres and others. It is an individual enterprise agreement that includes eligible academic and professional staff as well as TESOL language teachers. The bank – which employs about 2,000 full-time staff on its payroll – is believed to have discovered that it improperly paid some employees who worked under its enterprise agreements in 2010, 2014 and 2018. The agreement applies from March 19, 2019. It expires on June 30, 2021, but remains in effect until it is terminated or replaced by a new enterprise contract. For more information on the differences between the current enterprise agreement and previous agreements, please see the explanatory note of the major changes (PDF, 108.4 KB). The University of Queensland Enterprise Agreement 2018-2021 (PDF, 2.3 MB) is the current UQ Enterprise Agreement. The sources stated that payment problems are related specifically to basic payments, overtime and penalty interest and other claims, including superannuation. As the Greenmount study was at such an early stage, sources said it was impossible to put a dollar figure on the offences. Project Greenmount includes PwC accountants, Herbert Smith Freehill`s lawyers and a salary analysis organization, all of whom have been hired to crawl through bank of Queensland staff books and prices.
The ASX-Aspirant BikeExchange has entered the mountain stages for its IPO. In this era of austerity COVID-19, with people worried about debt and everything, it is good to know that some bankers can retaliate and work in style. Sources said the discovery forced the Bank of Queensland to launch the so-called “Greenmount Project” to quantify underpayments and create staff. However, the bank spent $140 million on “staff expenses” in the six months to February 2020 and $264 million in the past fiscal year. The news of the pay slips comes just over 12 months since the new chairman of the Queensland Bank`s board of directors, George Frazis, took the top job, and about six months since he announced his five-year rotation strategy. Private equity firm BGH Capital once against itself at the Village Roadshow and has no intention of doing so again. George Frazis, CEO of the Bank of Queensland, has been in service for just over 12 months. Paul Harris A underpayment scandal is the last thing Frazis needs at the Bank of Queensland, at a time when he plans to reverse the trend of one of the country`s best-performing regional banks for five years.