National Australia Bank settles overtime dispute with finance union

Certain teams in the bank were told they would not be paid overtime but get TOIL instead, according to the FSU.

National Australia Bank (NAB) has reached an agreement with the Finance Sector Union of Australia (FSU) to resolve matters related to overtime.

The agreement is tied to proceedings in the Federal Court of Australia, which NAB said raised important matters regarding the health, safety, and wellbeing risks associated with excessive additional hours of work.

“Following constructive negotiations through mediation, the parties have agreed to settle the proceedings on a without admissions basis that resolves the dispute and establishes clear arrangements moving forward,” NAB said in an online statement published on 24 April 2026. The settlement brings the proceedings to a close, it added.

In February 2026, the FSU said that certain teams in NAB were told they would no longer be paid overtime and would instead receive time off in lieu (TOIL).

“However, thanks to a few FSU members at NAB being familiar with their EA, staff were able to push back and ultimately reverse management’s decision,” the FSU said in an earlier online post.

As part of the settlement, the parties have agreed to establish a framework for mitigating risks associated with working additional hours, NAB said.

NAB and FSU will establish a joint working group to oversee the implementation of the framework.

They also agreed to greater oversight of the health, safety and wellbeing risks arising from working additional hours.