To approve a company agreement, the Fair Work Committee must be satisfied that: A company agreement is an agreement on permissible matters which are: Company agreements generally cover a wide range of issues such as: Greenfields agreements are approved if the workers` organizations covered by the agreement are empowered to represent the interests of a majority of workers, and this in the public in interest lies. The application for a proposed company agreement must be submitted to the Fair Work Board within 14 days of the conclusion of the contract or within an additional period authorized by the Fair Work Board. If the parties are unable to agree on the terms of a proposed company agreement, a negotiator may submit a request to the Fair Work Board and request assistance. Multi-entry agreements are much less common and are concluded between two or more employers who are not employers of individual interest. Single-company agreements are the most common type of collective agreement and are generally used when an employer who operates an existing “business” enters into an agreement with their employees – a “business” is generally defined as including a business, activity, project or business. The terms of a company agreement, transitional instruments (based on award or agreement) and modern contracts cannot exclude the NES and those that have no effect. There are a number of reasons why an employer might consider entering into a company agreement, namely: Before approving a company agreement, the Fair Work Commission must be satisfied that approval of the agreement would not compromise the negotiations of one or more bona faith negotiators for a proposed company agreement. Agreements involving a business can also be used by employers with a “common interest”, i.e. employers who operate joint ventures or another type of joint venture, for example franchisees can apply to the Fair Work Board for permission to enter into an agreement on a single business.
A company agreement must contain the following conditions: on the one hand, collective agreements benefit employers, at least in principle, as they allow for greater “flexibility” in areas such as normal working hours, hourly wage allowances and performance conditions. On the other hand, collective agreements benefit employees, as they typically provide for salaries, bonuses, additional leave, and higher entitlements (e.g. B, severance pay) higher than a bonus. [Citation required] Unlike prices, which set similar standards for all employees in the industry subject to a particular price, collective agreements generally apply only to employees of an employer. However, a short-term cooperation agreement (e.g. B on a construction site) sometimes leads to an agreement between several employers and employees. .