FSU pays out Jordan and 'starts over'
One stakeholder in reform of the Australian banking sector's contested remuneration models is operating under new leadership following the ousting, styled as a resignation, of Finance Sector Union national secretary Fiona Jordan at the beginning of this month.FSU national assistant secretary Geoff Derrick will lead the union pending the selection or election of Jordan's replacement.Over the weekend, Derrick said the union was "making a fresh start" and pointed to its advocacy on targets, workloads, staffing levels and pay on banking services. These are themes all central to the review of conduct issues initiated in April by the Australian Bankers Association.Routine work on enterprise bargaining agreements for FSU members and finance workers has also produced annual pay increases for many bank workers at levels at or near three per cent, double the economy wide average.The most recent instance of this is a three per cent pay increase at Bankwest that will be paid from this month, along with a $500 bonus.Business as usual at the FSU from the point of view of most members is many leagues removed from a fraught two years for the union's own employees amid confrontation over "who runs the union."The FSU negotiated a severance payment with Jordan to secure her resignation, announced to members on the FSU website two Fridays ago.Jordan could not be reached for comment, but key background can be understood from public documents.In July 2014 Jordan won the first time all-member election for the position of FSU national secretary in a trade union formed more than 20 years earlier from the merger of insurance and banking unions. Jordan was national president when she ran and was still working as a home finance manager for Westpac.Her election was unexpected and her service as FSU national secretary torrid from early on as former national secretary Leon Carter's allies continued to hold senior positions.Aspects of the union's internal wrangling entered the public domain in September last year, when Jordan published a long list of woes on the union website. One she highlighted in her bulletin was "a hostile response from local management (secretaries) and the majority of the national executive."A ruling of the Fair Work Commission in June casts more light on matters consuming the union.Jordan and a band of 170 supporters, including a CBUS executive Rod Masson (a former FSU media adviser) used the FWC and industrial law to contest a package of rule changes.A ruling by Chris Enright, director of the regulatory compliance branch at the FWC - one ultimately favourable to Jordan's antagonists clustered on the union executive - provides an account of key facets of a two year long row.Jordan "defeated the incumbent, Leon Carter, a candidate backed by Derrick, Louise Arnfield, the national president, while support was also openly sought and received from the local executive secretaries and other members of the then national executive," Enright wrote in his recent decision.Among reforms, seemingly intended to thwart Jordan, were "new sub-rules [that] among other things, direct the national assistant secretary to comply