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My name is ***** ***** I am a NSW Solicitor. Thank you for your question, and will do my best to assist you with your question. Please understand this is not legal advise Please understand this is not legal advise but a guide to assist you.
They cannot reduce it without your agreement.
In your industry is there an award? Are you paid in accordance with that or above the award?
If you are not happy with the agreement they are proposing you tell them.
If they donut agree you can have it mediated with Fair Work Australia.
They cannot simply change your contract without your consent.
You have a right to negotiate with them and if they terminate or threaten to terminate you for not agreeing this is coercion and a breach of the Fair Work Act.
I hope this makes sense and is of assistance. If there is nothing further