Commonwealth Bank and the Finance Sector Union appear to have reached agreement on a key issue in their enterprise bargaining talks, with all staff employed under awards set to win 3 per cent pay rises over the next two years.

However, a final enterprise deal remains elusive, with the parties at loggerheads over rostered day leave entitlements and pay rises for staff on individual contracts.

In an update on the FSU website, the union said that the bank had dropped its claim for tiered salary increases as part of the new enterprise deal.

“This means that everyone whose pay increase is set by the enterprise agreement will be getting 3 per cent both years,” the union told members on its site.

The union is agitating for the bank to extend the same pay increases to workers on individual contracts, but CBA wants to scale pay rises for such staff according to their current income band.

CBA is offering a 3 per cent pay rise to contract staff earning up to A$75,000 a year and 2.25 per cent for contract staff earning up to $110,000.

Contract staff earning more than $110,000 will not get a rise under the offer as it stands.

“We do not agree with this position,” the union said.

“FSU members have been campaigning for 3 per cent across the board and we will continue to do so.

“If Matt Comyn can be paid a 14 per cent increase and a $1.6m bonus, then it’s entirely fair that all CBA employees get 3 per cent in both years.

“We should stick together and keep campaigning until CBA agree.”

CBA has around 15,000 staff employed on individual contracts, which is more than the combined total at the other three major banks.

Rostered day leave entitlements remain a sticking point in the negotiations, with the bank pushing for RDOs to be excluded from the new agreement.

Earlier this year, the FSU negotiated 3.25 per cent salary increases for Westpac staff and a 3 per cent rise for NAB employees.