The Reserve Bank of Australia will compensate almost 1,200 workers after a review found that it had underpaid its staff a total of A$1.15mn ($778,000) over a seven-year period.
The central bank said on Wednesday that following a review of its “more complex remuneration arrangements” related to how leave and days off were calculated, it had begun the process of paying back 1,173 current and former employees funds that were owed.
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