Sept 11 (Reuters) - Australia's Fair Work Ombudsman:
* IBM (NYSE:IBM) BACK-PAID AUSTRALIAN EMPLOYEES MORE THAN $12 MILLION AFTER ENTERING ENFORCEABLE UNDERTAKING WITH FAIR WORK OMBUDSMAN
* FURTHER UNDERPAYMENTS, EXPECTED TO BE SIGNIFICANT IN SIZE, ARE YET TO BE QUANTIFIED
* THE EU REQUIRES IBM TO CALCULATE AND PAY OUTSTANDING AMOUNTS TO EVERY AFFECTED EMPLOYEE BY OCT 16 THIS YEAR
* EU COMMITS IBM TO MAKE TWO CONTRITION PAYMENTS TO THE COMMONWEALTH'S CONSOLIDATED REVENUE FUND BY 27 NOV