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Banking and Finance Award Pay Calculator

Work out what a week under the Banking and Finance Award actually pays — the right classification level, shift loadings, overtime and casual loading, plus 12% super, calculated the way the award says.

How the Banking and Finance Award is applied

Minimum rates are set per classification level — the calculator uses the adult rates from clause 15.1, current from the first full pay period on or after 1 July 2026 (the award also expresses them as annual salaries: weekly × 52).
Casuals get a 25% loading with a 2-hour minimum engagement, and the percentages below already include it.
The ordinary span is 7am–7pm Monday–Friday plus Saturday 8am–12 noon — all at plain rates. This award has no weekend penalty on ordinary hours; what it has instead is a hard span.
Sunday work is always overtime — 200% (225% casual). Outside the span Monday–Saturday it’s 150% for the first 3 hours, then 200% (casuals 175% / 225%).
Superannuation (12%) applies to ordinary-time earnings, including shift loadings — but not to overtime.
The trap: one weeknight per week, specified in advance, the span can stretch to 9pm at plain rates — and staff working to 9pm that way are expressly not shiftworkers, so no shift loading applies.

Who the award covers

Banks, credit unions and building societies — branch tellers to back office
All forms of insurance — insurers, broking, underwriting, claims and loss adjusting
Lending, credit, investment, superannuation and finance businesses
Services to the industry — debt recovery, financial consulting, valuation and transaction processing
On-hire staff and group-training trainees placed into the industry

Contract call centres sit under the Contract Call Centres Award, and general office staff outside banking, finance and insurance usually belong to the Clerks—Private Sector Award. Senior managers whose roles were never traditionally award-covered fall outside the classifications — check clause 4 before you classify.

Which level is your team member?

The Banking and Finance Award runs one classification ladder with six levels, defined in Schedule A by the range of skills, knowledge and responsibility the role requires — not the job title. There’s no automatic time-served progression between levels: someone moves up when the work they’re required to do steps up. Most branch and back-office teams sit at Levels 2–4.

Level	Per hour	Per week (38h)	Typical roles	The test
Level 1	$26.97	$1024.70	Office trainee · Filing and mail clerk · Switchboard operator · Scanning officer	The entry level: established routines with limited discretion — basic office procedures, sorting and filing, defined data entry and answering general enquiries.
Level 2	$29.45	$1119.10	Teller / customer service rep (first 12 months) · Data processing officer · Telemarketer · Entry-level claims officer	Authority within defined limits and employer guidelines: processing standard documentation, cashiering, answering detailed enquiries about specific business activities. The award’s “standard rate”.
Level 3	$31.11	$1182.10	Teller or sales rep (12+ months’ experience) · Receptionist · Loans processing officer · Contact centre officer · Payroll clerk	Limited discretion in achieving outcomes within established policies — projects, reports and routine correspondence, and may give direction to other staff.
Level 4	$32.67	$1241.40	Personal banker · Claims officer · Compliance officer · Collections officer · Entry-level team leader	Specialist knowledge and experience: responsible for their own work and any staff under their control — service standards, day-to-day operations of a functional area, preparing reports.
Level 5	$33.99	$1291.80	Underwriter · Accountant · Call centre team leader · Assistant branch manager	A specialised role needing formal qualifications or specialised training — or a managerial role running part of the business with 5–10 people. Considerable discretion and operational planning.
Level 6	$38.07	$1446.80	Branch manager · Financial planner · Relationship manager · Senior analyst	Middle management: regularly makes decisions and accepts responsibility for the conduct of part of the business. Anyone managing more than 10 people must be classified here.

The award draws one bright line by service: a teller or customer service rep with less than 12 months’ experience is Level 2; past 12 months they belong at Level 3.
Level 4 is the specialist step — personal bankers, claims and compliance officers, collections and entry-level team leaders, applying genuine specialist knowledge and answerable for staff under their control.
Level 5 works two ways: a qualified specialist role (underwriter, accountant), or a manager running part of the business with 5–10 people. Manage more than 10 and the award requires Level 6.
Level 6 tops out the ladder but carves out roles that were never traditionally award-covered — very senior managers may sit outside the award altogether.

Allowances that can apply on top

Base rates and penalties aren’t the whole pay picture. The Banking and Finance Award adds allowances for particular duties and situations — being the designated first aid officer, working overtime without notice, using your own car. They’re small lines individually, but they’re legal entitlements and they add up. The common ones (1 July 2026 amounts):

First aid allowance — the appointed first aid officer$20.59/week

Stand-by allowance — formally rostered to stand by, Monday–Friday$23.72/day

Stand-by allowance — Saturdays, Sundays and public holidays$48.46/day

Meal allowance — 1.5 hours’ overtime extending past 6pm$22.14, plus $18.20 if overtime passes 5.5 hours

Motor vehicle allowance — required to provide own car$131.99/week (1500cc and under) · $162.83/week (over 1500cc)

Motor vehicle allowance — casual or incidental use$1.01/km

Recall to work — rostered stand-by recallMinimum 2 hours at overtime rates

Annual leave loading17.5% on paid annual leave — or the relevant weekend penalty rates if greater

The calculator below doesn’t include allowances — add the ones that apply to your team on top of the result. The full list lives in the award’s allowances clause.

Break entitlements under the Banking and Finance Award

Breaks are part of the award too — and missed or worked-through breaks usually carry a penalty rate, so they belong in the roster, not just the tea room. Here’s what the Banking and Finance Award requires:

Meal breakAt least 30 minutes, unpaid — no more than 5 hours of work without one. On days of 6 hours or less, the employee can agree to work straight through.

Meal break (shiftworkers)A 20-minute meal break, paid as if worked.

Rest breaksA rest break or breaks during the working day, at times agreed — or set by the employer if no agreement is reached.

From the award’s breaks clause (clause 14). A meal break can be deferred in emergencies by mutual agreement — verify the current award text before relying on it.

Calculate a week under the Banking and Finance Award

Enter the week as it’s actually rostered. Weekend, evening and public-holiday hours are paid at the award’s penalty rates; anything beyond 38 hours is priced as overtime; super is applied to ordinary-time earnings only.

Classification levelEmployment typeState or territoryWeekday hours (7am–7pm)Saturday morning hours (8am–12 noon)Inside the ordinary span — no penalty. Saturday work outside 8am–12 noon, or beyond weekly hours, is overtimeAfternoon shift hours (shift finishing 6pm–midnight)Designated shiftworkers only — permanent afternoon shift adds a further 5%Night shift hours (shift finishing midnight–8am)Designated shiftworkers only — permanent nights add 5%; early morning shifts (starting 4–7am) are 112.5%Sunday hoursSunday isn’t part of ordinary hours under this award — all Sunday work is overtime at 200% (225% casual)Public holiday hoursMinimum 4 hours’ pay

Rates current as of 1 July 2026 (adult minimums, MA000019) — first full pay period on or after that date.

This week’s numbers

Nothing is stored or sent — the maths runs on this page.

Are these the exact legal rates?

The classification minimums are the adult rates from clause 15.1, current at 1 July 2026. Junior rates (under 21) are a percentage of these — 50% under 17 up to 90% at 20 — and designated shiftworkers have their own rate table. Treat the result as a planning number and confirm against the award or your payroll adviser.

Do I owe a penalty for Saturday morning?

No — Saturday 8am–12 noon sits inside the award’s ordinary span, so it’s plain time (casuals still get their 25% loading). But Saturday work outside those hours, or beyond the employee’s weekly hours, is overtime at 150–200%, and any Sunday work is overtime at 200%.

Do evening hours cost more?

For day workers, not until 7pm — the span runs to 7pm at plain rates, and one nominated weeknight per week can run to 9pm without a loading. Genuine shiftworkers are different: 112.5% for early morning shifts, 120% for afternoon shifts, 125% for nights, plus 5% more for permanent afternoon or night shift.

Does super apply to shift loadings?

Yes — shift loadings on ordinary hours are ordinary-time earnings, so the 12% super guarantee applies, and the same goes for public-holiday penalties on ordinary hours. True overtime — including all Sunday work under this award — is excluded. The calculator applies exactly that split.

This is a general calculator, not legal advice. It applies the award’s published adult minimums to the hours you enter — it can’t see your enterprise agreement, allowances or individual arrangements, and junior, apprentice and shiftwork rates differ. Always confirm pay against the award, your agreement or your adviser. If you believe something here is materially wrong or out of date, please contact us — we’ll review it promptly.

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