QLD payroll disaster prompts offer of financial help

Unions and ME Bank offer to help affected workers in Queensland

The potential impact of Queensland Health's unfolding payroll disaster has prompted three unions to work with ME Bank to offer to help affected workers.

The Queensland Nurses Union, Australian Workers Union and Australian Services Union sent members a letter this week outlining a special package of financial benefits from ME Bank.

Up to 90,000 workers have been affected by problems with a new payroll system Queensland Health implemented in March 2010.

Unions are concerned changes to workers' pay cycle, which Queensland Health will implement in October to resolve some of the ongoing problems, may disrupt regular payments employees have directly debited from their accounts, like mortgage payments.

Unions are also concerned Queensland Health's plans to start recouping overpayments made to employees totalling $91 million, by automatically deducting between five and 25 per cent of employees' wages, could put workers under further financial pressure.

Working with unions, ME Bank is offering to help employees by:

  • honouring members' existing direct debits within the first three months of opening a transaction account at the bank while they adjust to the new pay dates
  • allowing accounts to be overdrawn up to $2,000 at any one time with no overdrawn account or dishonour fees
  • after the initial three months, providing another three-months to allow employees time to bring their account balances back to a positive position with no overdrawn fees applying.

Plus, over the next year when Queensland Health case workers contact employees about any overpayments, ME Bank may be able to assist with interest-free unsecured personal loans.

Mr Jamie McPhee, Chief Executive Officer at ME Bank, said "ME Bank was motivated to help Queensland Health employees after learning of the financial pressure many will be under."

"ME Bank was established by industry super funds to provide industry fund and union members with a fairer banking alternative, so it was only natural we offer our assistance."

To find out more about this offer, visit mebank.com.au/qldhealth

ME Bank is the only bank in Australia which is 100 percent owned by Australia's leading industry super funds. ME Bank provides industry super fund, union and employer association members with agenuinely fairer banking alternative.

 

MATTHEW READ, MEDIA AND COMMUNICATION MANAGER

P 03 9708 3334 M 0432 130 338 Email

ME Bank is the only bank which is 100 per cent owned by Australia’s leading industry super funds. ME Bank provides industry super fund, union and employer association members with a genuinely fairer banking alternative.