MA000019Finance
Banking, Finance and Insurance Award
Banking, Finance and Insurance Award
Who does this award cover?
The Banking, Finance and Insurance Award covers employees working in finance, including the following common roles:
Pay rates by classification
| Classification | Base (per hour) | Casual (+25%) | Weekly (38h) |
|---|---|---|---|
| Level 1 | $26.97 | $33.71 | $1024.86 |
| Level 2 | $29.45 | $36.81 | $1119.10 |
| Level 3 | $31.11 | $38.89 | $1182.18 |
| Level 4 | $32.67 | $40.84 | $1241.46 |
| Level 5 | $33.99 | $42.49 | $1291.62 |
| Level 6 | $38.07 | $47.59 | $1446.66 |
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Answers grounded on the full MA000019 document — every clause, variation, and classification. Pro is $29.99/mo, cancel anytime.
Penalty rates
How casual overtime is calculated
One of the most common payroll questions under the Banking, Finance and Insurance Award: when a casual works overtime or weekend hours, does the 1.5× or 2× multiplier apply to the base rate, or to the 25%-loaded casual rate? The answer depends on how the award is drafted.
Method for the Banking, Finance and Insurance Award
Unresolved — award drafting is ambiguous or we have not verified
We have not independently verified how this award treats the 25% casual loading when overtime or penalty rates apply. The three possible methods (additive / compounded / separate) can produce materially different pay outcomes. Check the award text at fwc.gov.au or use the Fair Work Ombudsman Pay and Conditions Tool (PACT) for a definitive answer.
| Method | Calculation | Hourly rate |
|---|---|---|
| Additive | $31.11 × 175% | $54.44 |
| Compounded | $38.89 × 150% | $58.33 |
| Separate | $31.11 × 150% | $46.67 |
Break entitlements
| Shift length | Meal break | Rest break | Paid? |
|---|
More on the Banking, Finance and Insurance Award
Banking, Finance and Insurance Award pay rates 2026-27
Every classification, junior and casual rate, penalty table and rate calculator.
Search enterprise agreements
An enterprise agreement replaces the award where one covers your workplace. Search by employer.
Enterprise agreements in finance
Employer pay guides under the Banking, Finance and Insurance Award
Want the full MA000019 document?
This page covers the headline rates, penalties, and break rules. The full award has dozens more clauses: allowances, overtime formulas, rostering rules, dispute procedures, and classification descriptors. FairWork Mate answers plain-English questions grounded on every clause, with a citation back to the award on every answer.
FairWork Mate AI
Not sure the Banking, Finance and Insurance Award is the award that covers you?
“I think I'm covered by the Banking, Finance and Insurance Award (MA000019). Is that the right award for my job, and what should I be paid?”
Coverage turns on what your business actually does, not your job title. The advisor checks your situation against the MA000019 coverage clause and the decisions that have tested it.
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