Any employer involved in company negotiations must be aware of the strict deadlines of the FW Act and the lack of discretion of the FWC to approve an agreement, despite procedural flaws. Not being as aware can lead to unwanted costs and delays. The IWC`s appeal decision had repercussions on numerous applications for approval of a company agreement for which employers had relied not only on the authority in the first CBI decision, but also on the FWC`s date calculator for a single company agreement on its website. Variations in corporate agreements to maintain the financial viability of companies The effects of the COVID-19 pandemic are having disastrous effects on the financial viability of companies around the world. Although legislation that offers some financial security is being prepared, flexibility can be achieved by making use of certain existing industrial mechanisms, including different conditions under company agreements. For more information on the process of amending the company agreement, click here: services.anu.edu.au/human-resources/enterprise-agreement/proposed-variation-to-enterprise-agreement. Dramatic times require drastic measures. Varying company agreements to retain or reduce wage increases as part of a company agreement may be an option for some employers in response to the effects of COVID-19.