Banking, Finance and Insurance Award penalty rates 2026
Saturday, Sunday, public holiday and evening rates for every classification in the Banking, Finance and Insurance Award (MA000019), from 1 July 2026.
Higher rates generally apply where the work extends beyond ordinary business hours, including evening work, weekends and public holidays, along with overtime and any stand-by or call-back outside normal hours.
Full-time and part-time penalty rates
| Classification | Public holiday |
|---|---|
| Banking, finance and insurance employee level 1 | $67.43 |
| Banking, finance and insurance employee level 2 | $73.63 |
| Banking, finance and insurance employee level 3 | $77.78 |
| Banking, finance and insurance employee level 4 | $81.68 |
| Banking, finance and insurance employee level 5 | $84.98 |
| Banking, finance and insurance employee level 6 | $95.18 |
Casual penalty rates
Casual figures include the casual loading.
| Classification | Public holiday |
|---|---|
| Banking, finance and insurance employee level 1 | $74.17 |
| Banking, finance and insurance employee level 2 | $80.99 |
| Banking, finance and insurance employee level 3 | $85.55 |
| Banking, finance and insurance employee level 4 | $89.84 |
| Banking, finance and insurance employee level 5 | $93.47 |
| Banking, finance and insurance employee level 6 | $104.69 |
Resulting hourly rates as published in the Fair Work Commission’s Modern Awards Pay Database.
How the Banking, Finance and Insurance Award compares
| Day | Banking | Median | Rank |
|---|---|---|---|
| Public holiday | 250% | 250% | 1 of 22 |
What one shift pays
| Shift | Full-time / part-time | Casual |
|---|---|---|
| Weekday (7.6 hours) | $204.97 | $256.20 |
| Public holiday (7.6 hours) | $512.47 | $563.69 |
A full-time public holiday shift pays $512.47, $307.50 more than the same shift on a weekday.
Work out a shift
Rates current as of 1 July 2026. FWC pay database, Banking, Finance and Insurance Award 2020 (MA000019), checked (how). General information only: your award or enterprise agreement prevails if it differs.