Banking, finance and insurance employee level 4 pay rate 2026
Minimum rate for Banking, finance and insurance employee level 4 under the Banking, Finance and Insurance Award (MA000019) from 1 July 2026: $1,241.40 a week full-time, $64,553 a year (published annual salary). Casual: $40.84 an hour, loading included.
Minimum pay rates
| Employment type | Hourly | Weekly | Annual (published) |
|---|---|---|---|
| Full-time / part-time | $32.67 | $1,241.40 | $64,553 |
| Casual (loading included) | $40.84 | — | — |
How this rate compares
It ranks 3rd of 6 distinct adult hourly rates in the Banking, Finance and Insurance Award.
The next rate up is Banking, finance and insurance employee level 5 at $33.99 an hour, $1.32 (4%) higher than this classification.
The next rate down is Banking, finance and insurance employee level 3 at $31.11 an hour, $1.56 (4.8%) lower.
It is $6.23 an hour (23.6%) above the national minimum wage of $26.44.
What changed on 1 July 2026
The hourly rate rose $1.48 (4.7%) from $31.19 on 30 June 2026 to $32.67, and the full-time weekly rate rose $56.30.
Penalty rates
| When | Full-time / part-time | Casual |
|---|---|---|
| Ordinary hours | $32.67100% | $40.84125% |
| Public holiday | $81.68250% | $89.84275% |
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 | $49.01 | 150% |
| Monday - Saturday - after 3 hours | $65.34 | 200% |
| Saturday - work outside employee's weekly hours | $65.34 | 200% |
| Sunday | $65.34 | 200% |
| Public holiday | $81.68 | 250% |
Junior rates
Employees under 21 in this classification are paid a percentage of the adult rate, from $16.33 an hour (50% of the adult rate) for under 17 years. How junior rates work.
| Age | Hourly | Weekly | % of adult |
|---|---|---|---|
| Under 17 years | $16.33 | $620.70 | 50% |
| 17 years | $19.60 | $744.84 | 60% |
| 18 years | $22.87 | $868.98 | 70% |
| 19 years | $26.13 | $993.12 | 80% |
| 20 years | $29.40 | $1,117.26 | 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.