A single-company agreement is concluded between a single employer (or two employers with a single interest) and workers employed at the time of conclusion of the contract and covered by the agreement. Employers with a single interest are employers who work in a joint venture or joint venture or who are related enterprises. They may also be employers approved by the Fair Work Commission as employers with a single interest, who may be either franchisees or other employers to whom the Minister of Labour has made a declaration. In addition, if a bargaining agent violates one or more bargaining mandates, he or she may apply to the Fair Work Board to help resolve the dispute. Greenfields agreements are approved when the workers` organisations covered by the agreement are authorised to represent the interests of a majority of workers in the public interest. While there are no longer legal individual contracts under the Fair Work Act 2009, workers and employers can enter into an Individual Flexibility Agreement (IFA) that varies the terms of a company agreement to meet the real needs of workers and employers. Organisations that are negotiators (employers, employers` organisations and trade unions) in favour of a proposed company agreement must disclose certain financial benefits that they (or certain close persons) could (or could obtain) because of the duration of the proposed agreement. The terms of a company agreement, transitional instruments (on procurement or agreements) and modern public procurement cannot exclude the NES and those that do have no effect. 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, fixed hours and performance conditions.
On the other hand, collective agreements benefit workers, as they usually provide for wages, bonuses, additional leave and higher rights (e.g. B severance pay) than a bonus. [Citation required] Negotiators are required to act in good faith when negotiating a proposed company agreement. Enterprise agreements can be tailored to the needs of certain companies….