Cbus workers have secured a new agreement featuring AI and leave standards.

A new Enterprise Agreement (EA) at Cbus Super introduces industry-first AI protections and expanded leave entitlements, potentially setting a benchmark in Australia's finance sector.

The EA, endorsed by Cbus employees, mandates worker consultation on the implications of generative artificial intelligence (AI) in the workplace. 

This clause ensures that employees affected by AI will be notified, with an additional five days of consultation provided if their roles are materially impacted. 

AI’s impact on the finance industry is growing, and the agreement is intended to create protections addressing worker concerns about job displacement.

Nicole McPherson, National Assistant Secretary of the Finance Sector Union (FSU), praised the agreement; “Workers have won an EA at Cbus with conditions that set the gold standard for the finance sector”. 

The EA also introduces five days of reproductive and pathways to parenthood leave, adding to the 12 days of paid menopause and menstruation leave secured in the previous agreement. 

Additionally, workers will receive a 12.5 per cent pay increase over three years, starting with a 4.5 per cent raise backdated to 1 July 2024.