ANZ is pushing for cuts to penalty rates and other conditions in pay negotiations with the Finance Sector Union.The FSU, in a member bulletin, described  ANZ as hanging onto "a pay increase or lump sum proposal that has the following nasties attached": normal weekly hours extended to 9.00pm at night; weekend double time pushed back to 6.00pm Saturday; three months notice to withdraw from Friday night or weekend work; cutbacks in shift penalties "that actually take money away from staff"; a freeze on the cap on each pay grade range; a redefinition of what is meant by a "comparable role" for redundant staff; a new class of part time work with no PAC payments; and cutbacks in annual leave and allowances for staff in remote and tropical areas. The FSU said ANZ already had "some of the lowest pay rates in the industry", and pointed out that Westpac staff this week voted in favour of a 3.75 per cent performance based increase with no trade-offs.Last month, CBA staff endorsed a similar deal while earlier this year NAB staff received a four per cent rise.Bank of Queensland, however, has offered a rise of only 2.5 per cent in current pay talks.In its member bulletin, the FSU added that "to top it off, ANZ has told our FSU negotiating team that if the union continues to push for improvements in the EBA … there won't be an agreement in 2014. ANZ will walk away from the negotiations."Across the Tasman, ANZ New Zealand staff in the First Union have begun striking in some branches and have said they plan national strike action to improve pay and conditions offered in a new employment contract. ANZ proposed more flexible work schedules for staff and offered pay increases of 3 per cent and 2.75 per cent over the next two years.  ANZ said less than 20 per cent of its staff were in the First Union.