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SYDNEY (Reuters) – Australia’s central bank will pay more than A$1 million in internal remuneration, a review on Wednesday found the bank systematically underpaid A$1,000. Compensation of multiple current and former employees.
Most of the arrears come from leave entitlements that should have been paid when staff left the bank, the bank said. The Fed has contacted all involved employees and initiated payments. Julia Angrisano, National Secretary of the Financial Sector Union, said, The bank should set an example for the wider sector in terms of pay and is right to apologize.
“Financial sector unions should not have pointed out to the RBA that their internal procedures allow employees to pay out of pocket,” she said in a statement.
Reserve Bank of Admission is among Australian counterparts and the world’s largest listed mining company BHP Billiton Group (NYSE:
BHP Billiton
) Says it owes workers A$19 Millions of holidays and other rights from pay less.
review was done with the help of the “Big Four” PwC Australia firm is battling a national fraudster who misused confidential government tax documents fight against sex scandals.
