Banking, finance and insurance employee level 5 pay rate 2026
Minimum rate for Banking, finance and insurance employee level 5 under the Banking, Finance and Insurance Award (MA000019) from 1 July 2026: $1,291.80 a week full-time, $67,174 a year (published annual salary). Casual: $42.49 an hour, loading included.
Minimum pay rates
| Employment type | Hourly | Weekly | Annual (published) |
|---|---|---|---|
| Full-time / part-time | $33.99 | $1,291.80 | $67,174 |
| Casual (loading included) | $42.49 | — | — |
How this rate compares
It ranks 2nd of 6 distinct adult hourly rates in the Banking, Finance and Insurance Award.
The next rate up is Banking, finance and insurance employee level 6 at $38.07 an hour, $4.08 (12%) higher than this classification. That is the largest step between two adjacent rates in the award.
The next rate down is Banking, finance and insurance employee level 4 at $32.67 an hour, $1.32 (3.9%) lower.
It is $7.55 an hour (28.6%) above the national minimum wage of $26.44. That is more than a quarter above the legal floor for adult employees.
What changed on 1 July 2026
The hourly rate rose $1.54 (4.7%) from $32.45 on 30 June 2026 to $33.99, and the full-time weekly rate rose $58.60.
Penalty rates
| When | Full-time / part-time | Casual |
|---|---|---|
| Ordinary hours | $33.99100% | $42.49125% |
| Public holiday | $84.98250% | $93.47275% |
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 | $50.99 | 150% |
| Monday - Saturday - after 3 hours | $67.98 | 200% |
| Saturday - work outside employee's weekly hours | $67.98 | 200% |
| Sunday | $67.98 | 200% |
| Public holiday | $84.98 | 250% |
Junior rates
Employees under 21 in this classification are paid a percentage of the adult rate, from $17.00 an hour (50% of the adult rate) for under 17 years. How junior rates work.
| Age | Hourly | Weekly | % of adult |
|---|---|---|---|
| Under 17 years | $17.00 | $645.90 | 50% |
| 17 years | $20.40 | $775.08 | 60% |
| 18 years | $23.80 | $904.26 | 70% |
| 19 years | $27.20 | $1,033.44 | 80% |
| 20 years | $30.60 | $1,162.62 | 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.