Banking, Finance and Insurance Award Penalty Rates
All penalty rates under the Banking, Finance and Insurance Award (MA000019) for 2025-26, including weekends, public holidays, evening, and overtime.
Last verified: 2 August 2026Banking, Finance and Insurance Award — Key Rates at a Glance
Early morning shift
$30.34/hr
1.125x base
Afternoon shift
$32.36/hr
1.2x base
Night shift
$33.71/hr
1.25x base
Rates shown for Level 1 ($26.97/hr base). See full table below for all levels.
Full Penalty Rate Table — Banking, Finance and Insurance Award
| Level | Base Rate | Early morning shift 1.125x | Afternoon shift 1.2x | Night shift 1.25x |
|---|---|---|---|---|
| Level 1 | $26.97/hr | $30.34/hr | $32.36/hr | $33.71/hr |
| Level 2 | $29.45/hr | $33.13/hr | $35.34/hr | $36.81/hr |
| Level 3 | $31.11/hr | $35.00/hr | $37.33/hr | $38.89/hr |
| Level 4 | $32.67/hr | $36.75/hr | $39.20/hr | $40.84/hr |
| Level 5 | $33.99/hr | $38.24/hr | $40.79/hr | $42.49/hr |
| Level 6 | $38.07/hr | $42.83/hr | $45.68/hr | $47.59/hr |
Compare Penalty Rates Across Awards (Level 1)
| Award | Base Rate | Sunday | Public Holiday |
|---|---|---|---|
| Banking, Finance and Insurance Award | $26.97/hr | — | — |
| Hospitality Award | $26.44/hr | $39.66/hr (1.5x) | $59.49/hr (2.25x) |
| Retail Award | $27.81/hr | $41.71/hr (1.5x) | $69.52/hr (2.5x) |
| Clerks Award | $26.97/hr | $53.94/hr (2x) | $67.43/hr (2.5x) |
| Building Award | $26.67/hr | $53.34/hr (2x) | $66.68/hr (2.5x) |
Calculate Your Exact Penalty Rate
Select your classification level and penalty type below.
Frequently Asked Questions
What are the penalty rates under the Banking, Finance and Insurance Award?
The Banking, Finance and Insurance Award (MA000019) provides penalty rates for Early morning shift, Afternoon shift, Night shift. Rates range from 1.125x to 1.25x of the base hourly rate.
What is the Sunday penalty rate for finance workers?
The Banking, Finance and Insurance Award does not specify a separate Sunday penalty rate.
What is the public holiday rate under the Banking, Finance and Insurance Award?
Check the award for specific public holiday provisions.
Who is covered by the Banking, Finance and Insurance Award?
The Banking, Finance and Insurance Award covers employees in the finance industry. Common job titles include Bank teller, Customer service officer, Claims officer, Loans officer, Insurance consultant.
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General information and estimates only — not legal, financial or tax advice. Always check your specific award, agreement or contract, or a qualified professional, before you rely on the result.