Banking, finance and insurance employee level 6 pay rate 2026
Minimum rate for Banking, finance and insurance employee level 6 under the Banking, Finance and Insurance Award (MA000019) from 1 July 2026: $1,446.80 a week full-time, $75,234 a year (published annual salary). Casual: $47.59 an hour, loading included.
Minimum pay rates
| Employment type | Hourly | Weekly | Annual (published) |
|---|---|---|---|
| Full-time / part-time | $38.07 | $1,446.80 | $75,234 |
| Casual (loading included) | $47.59 | — | — |
How this rate compares
This is the highest adult rate in the Banking, Finance and Insurance Award: rank 1 of 6 distinct hourly rates.
The next rate down is Banking, finance and insurance employee level 5 at $33.99 an hour, $4.08 (10.7%) lower.
It is $11.63 an hour (44%) 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 $1.72 (4.7%) from $36.35 on 30 June 2026 to $38.07, and the full-time weekly rate rose $65.60.
Penalty rates
| When | Full-time / part-time | Casual |
|---|---|---|
| Ordinary hours | $38.07100% | $47.59125% |
| Public holiday | $95.18250% | $104.69275% |
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 | $57.11 | 150% |
| Monday - Saturday - after 3 hours | $76.14 | 200% |
| Saturday - work outside employee's weekly hours | $76.14 | 200% |
| Sunday | $76.14 | 200% |
| Public holiday | $95.18 | 250% |
Junior rates
Employees under 21 in this classification are paid a percentage of the adult rate, from $19.04 an hour (50% of the adult rate) for under 17 years. How junior rates work.
| Age | Hourly | Weekly | % of adult |
|---|---|---|---|
| Under 17 years | $19.04 | $723.40 | 50% |
| 17 years | $22.84 | $868.08 | 60% |
| 18 years | $26.65 | $1,012.76 | 70% |
| 19 years | $30.46 | $1,157.44 | 80% |
| 20 years | $34.27 | $1,302.12 | 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.