Banking, finance and insurance employee level 3 pay rate 2026
Minimum rate for Banking, finance and insurance employee level 3 under the Banking, Finance and Insurance Award (MA000019) from 1 July 2026: $1,182.10 a week full-time, $61,469 a year (published annual salary). Casual: $38.89 an hour, loading included.
Minimum pay rates
| Employment type | Hourly | Weekly | Annual (published) |
|---|---|---|---|
| Full-time / part-time | $31.11 | $1,182.10 | $61,469 |
| Casual (loading included) | $38.89 | — | — |
How this rate compares
It ranks 4th of 6 distinct adult hourly rates in the Banking, Finance and Insurance Award.
The next rate up is Banking, finance and insurance employee level 4 at $32.67 an hour, $1.56 (5%) higher than this classification.
The next rate down is Banking, finance and insurance employee level 2 at $29.45 an hour, $1.66 (5.3%) lower.
It is $4.67 an hour (17.7%) above the national minimum wage of $26.44.
What changed on 1 July 2026
The hourly rate rose $1.41 (4.7%) from $29.70 on 30 June 2026 to $31.11, and the full-time weekly rate rose $53.60.
Penalty rates
| When | Full-time / part-time | Casual |
|---|---|---|
| Ordinary hours | $31.11100% | $38.89125% |
| Public holiday | $77.78250% | $85.55275% |
Resulting hourly rates as published in the Fair Work Commission’s Modern Awards Pay Database. Casual figures include the casual loading. Percentages are of the minimum hourly rate.
Overtime rates
| Overtime | Full-time / part-time | Rate |
|---|---|---|
| Monday - Saturday - first 3 hours | $46.67 | 150% |
| Monday - Saturday - after 3 hours | $62.22 | 200% |
| Saturday - work outside employee's weekly hours | $62.22 | 200% |
| Sunday | $62.22 | 200% |
| Public holiday | $77.78 | 250% |
Junior rates
Employees under 21 in this classification are paid a percentage of the adult rate, from $15.55 an hour (50% of the adult rate) for under 17 years. How junior rates work.
| Age | Hourly | Weekly | % of adult |
|---|---|---|---|
| Under 17 years | $15.55 | $591.05 | 50% |
| 17 years | $18.66 | $709.26 | 60% |
| 18 years | $21.78 | $827.47 | 70% |
| 19 years | $24.89 | $945.68 | 80% |
| 20 years | $28.00 | $1,063.89 | 90% |
Weekly junior rates are published; hourly is weekly ÷ 38.
Rates current as of 1 July 2026. FWC pay database, MA000019, checked (how). General information only: your award or enterprise agreement prevails if it differs.