Banking, Finance and Insurance Award Penalty Rates 2026
Published Saturday, Sunday, public holiday and evening rates for the Banking, Finance and Insurance Award (MA000019), effective 1 July 2026. These are the resulting hourly figures from the pay database — not calculated from a base rate.
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 & part-time penalty rates
| Classification | Saturday | Sunday | Public holiday | Evening |
|---|---|---|---|---|
| Level 1 | — | — | $67.43 | — |
| Level 2 | — | — | $73.63 | — |
| Level 3 | — | — | $77.78 | — |
| Level 4 | — | — | $81.68 | — |
| Level 5 | — | — | $84.98 | — |
| Level 6 | — | — | $95.18 | — |
Casual penalty rates
Casual figures already include the casual loading — they are the published combined rate.
| Classification | Saturday | Sunday | Public holiday | Evening |
|---|---|---|---|---|
| Level 1 | — | — | $74.17 | — |
| Level 2 | — | — | $80.99 | — |
| Level 3 | — | — | $85.55 | — |
| Level 4 | — | — | $89.84 | — |
| Level 5 | — | — | $93.47 | — |
| Level 6 | — | — | $104.69 | — |
Work out a shift
Rates current as of 1 July 2026. Source: Fair Work Commission — Modern Awards Pay Database. Last checked .
Source: Fair Work Commission — Modern Awards Pay Database (MA000019).
General information only — not legal, industrial or financial advice. These are the published minimum rates for information. Your modern award or enterprise agreement prevails if there is any inconsistency. Check the official source above or the Fair Work Ombudsman for your situation.