A multi-company agreement is concluded between two or more employers (not all of whom are employers with a single interest) and workers employed at the time of conclusion of the contract and covered by the agreement. The application for a proposed company agreement must be submitted to the Fair Work Commission within fourteen days of the conclusion of the contract or within an additional period granted by the Fair Work Commission. A company agreement enters into force seven days after the approval of the Fair Work Commission or at a later date, in accordance with the agreement. From that date, an employee`s terms and conditions derive from the company agreement. Company agreements are based on the minimum conditions of the Modern Awards and/or vary. Modern awards are a safety net of minimum conditions for an entire industry or job, for example the General Retail Industry Award 2010 applies to retail. If a job has a company agreement, the modern price does not apply. Company agreements and bonuses apply in conjunction with National Employment Standards (“NES”). The NES applies to all employees (with the exception of staff of the Land Government and municipal councils) and they cannot be superseded by an arbitration award or agreement. Ai Group`s employment counsellors are experts in company agreements and negotiations. .