Application for approval of the IFM Investors Agreement 2025

[1] IFM Investors Pty Ltd (the Employer) has made an application for approval of a single-enterprise agreement known as the IFM Investors Agreement 2025 (the Agreement), pursuant to s 185 of the Fair Work Act 2009 (Cth) (the Act).

[2] I note that some provisions of the Agreement (being Clause 6.2 (Compassionate Leave) and Clause 4.6.2 (Public Holidays) may be inconsistent with the National Employment Standards (NES). However, Clause 1.4 (Effect of the Agreement) of the Agreement operates to provide that more beneficial entitlements of the NES will prevail where there is an inconsistency between the Agreement and the NES. Consequently, I am satisfied that the terms of the Agreement do not contravene s 55 of the Act.

[3] I am satisfied that each of the requirements of ss 186, 187 and 188 of the Act as are relevant to this application for approval have been met. 

[4] The "Financial Sector Union of Australia" known as the Financial Sector Union (FSU), being a bargaining representative for the Agreement, have given notice under s 183 of the Act that it wants the Agreement to cover it. In accordance with s 201(2), I note the Agreement covers the "Financial Sector Union of Australia".

[5] The Agreement is approved and, in accordance with s 54 of the Act, will operate seven days after approval.  

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