If a job has a registered agreement, the bonus does not apply. However, with its New Approaches programme, the Fair Work Commission can also help employers and workers negotiate businesses. Read more about The New Approaches on the Fair Work Commission website. Registered agreements are valid until terminated or issued. 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”).