Commonwealth Bank

Sydney · founded 1911

documented benefits (14)

Birthing-parent leave	18 weeks
Partner leave	18 weeks
How leave is framed	equal_all_parents
Retirement plan	yes
Stock purchase plan	yes
Health plan offered	yes
Disability	yes
Gym / fitness subsidy	yes
Employee discount portal	yes
Volunteer days	offered
Learning platform	yes
AI tools stipend	offered
Flexible hours	yes
Mental health	yes

notable perks

Our Wellbeing program offers a range of benefits that include comprehensive and affordable health insurance, engaging fitness programs, and wellbeing support.
Thrive also includes access to GP care onsite in certain locations or via telehealth nationwide to support your overall health and wellbeing, both bulk billed.
For when life does not go to plan, we offer free, confidential support through our Employee Assistance Program, including short-term coaching and counselling for you and your family.
We offer salary sacrifice options, expert financial coaching and access to our super plan with Australian Retirement Trust.
As part of our Parental Leave program, we also pay your super contributions for up to 34 weeks of unpaid parental leave.
If your pet needs emergency veterinary care or if it sadly passes away, our Pet Leave policy allows you to take up to 2 days per anniversary year.
They keep paying your super for up to 34 weeks of UNPAID parental leave
An extra week of paid leave every year on your work anniversary
Two days of pet leave a year
You can buy four extra weeks of leave out of pre-tax salary
A free income protection policy that pays for up to two years

the legal floor where they are

Set by law, not by Commonwealth Bank. It applies to every employer in Sydney.

PTO	20 (Fair Work Act 2009 National Employment Standards)
State pension	superannuation: employer contributes 12% of earnings on top of salary (Fair Work Act 2009 National Employment Standards)
Disability rights at work	Disability Discrimination Act 1992; adjustments owed unless they cause unjustifiable hardship (Fair Work Act 2009 National Employment Standards)
How healthcare is paid for	Medicare, funded from taxation plus a 2% Medicare Levy. It pays 85% of the schedule fee out of hospital and 100% for GP attendances; where a doctor bulk bills the patient pays nothing, and where they charge above the schedule the gap is uncapped. Public hospital treatment as a public patient is free. NOT covered: most adult dental, most optometry, and ambulance in several states. CRITICAL FOR FOREIGN WORKERS: temporary visa holders, including subclass 482, are NOT eligible for Medicare unless they come from one of eleven reciprocal-agreement countries, and even then cover is limited. Everyone else holds the visa subject to condition 8501 and must buy Overseas Visitor Health Cover for themselves and every dependant for the life of the visa. (Fair Work Act 2009 National Employment Standards.)
IVF cycles the state covers	Unusually, Medicare subsidises IVF with NO cycle limit in the schedule, which is rare internationally, though a substantial gap remains per cycle. Separately Victoria runs free Public Fertility Care covering IVF, IUI and ICSI, with a lifetime limit of two stimulated cycles per person. Temporary visa holders who are not Medicare-eligible get no rebate at all and pay the full commercial price. (Fair Work Act 2009 National Employment Standards.)
Annual out-of-pocket cap	Two ceilings, both resetting 1 January. Medicare Safety Net from 1 January 2026: AUD 594.00 of gap expenses, after which Medicare reimburses 100% of the schedule fee rather than 85%; the extended threshold is AUD 861.20 for concession holders and AUD 2,699.10 otherwise, after which Medicare pays 80% of further out-of-pocket costs. PBS Safety Net from 1 January 2026: AUD 1,748.20 of medicine spending for general patients, after which medicines cost AUD 7.70 each, and AUD 277.20 for concession card holders, after which they are free. Neither caps private hospital gaps, and neither is available to a worker who is not Medicare-eligible. (Fair Work Act 2009 National Employment Standards.)

Every claim above is sourced and dated. See sources on the full page.

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