Banking & Finance Award Penalty Rates
Saturday, Sunday, public holiday and overtime multipliers under the Banking, Finance and Insurance Award, effective from 1 July 2026.
Award MINIMUM rates — enterprise agreements may differ. Check your classification's exact base rate on the Fair Work pay guide.
Banking, Finance and Insurance Award [MA000019] — rates effective 1 July 2026
Casual employees get a 25% loading, included automatically in the results below.
Your award classification's ordinary hourly rate — check the exact figure on the Fair Work pay guide for your role, then enter it here.
Select an award and enter your base hourly rate to see the full penalty-rate table
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Banking & Finance Award penalty rate multipliers
Multipliers apply to your OWN base hourly rate (find it on the Fair Work pay guide for your classification) — they are not full wage tables.
| Rate type | Full-time / part-time | Casual |
|---|---|---|
| Early morning shift | 112.5% | 137.5% |
| Afternoon shift | 120% | 145% |
| Afternoon shift (permanent shiftwork) | 125% | 150% |
| Night shift | 125% | 150% |
| Night shift (permanent shiftwork) | 130% | 155% |
| Sunday | 200% | 225% |
| Public holiday | 250% | 275% |
| Overtime — Mon–Sat, first 3 hours | 150% | 175% |
| Overtime — Mon–Sat, after 3 hours | 200% | 225% |
| Overtime — Saturday, work in excess of weekly hours | 200% | 225% |
This award has no ordinary-hours Saturday penalty rate — the ordinary span of hours runs Monday to Saturday, and only overtime worked in excess of weekly hours on a Saturday attracts a premium.
Casual loading stacks additively on every row in this award, including overtime — casual = full-time rate + 25 percentage points throughout.
Casual loading interaction
Casual employees under the Banking & Finance Award get a 25% casual loading on their base hourly rate, in exchange for not receiving paid annual leave, personal/carer's leave or notice of termination. That loading generally stacks additively on top of weekend and public holiday penalties — e.g. a Sunday penalty of 200% for full-time staff becomes 225% for casuals under this award.
Check the notes in the table above — some awards (Hospitality, Restaurant) pay casuals the SAME overtime rate as full-time/part-time staff, with no extra casual loading stacked on overtime specifically.
Worked dollar examples
Illustrative examples only — NOT classification minimum wages. Use your own base rate in the penalty rates calculator for an accurate figure.
$24.50/hr base rate
$28.00/hr base rate
$32.00/hr base rate
Public holidays
Public holiday penalty rates apply on the gazetted public holidays for your state or territory, which differ from the standard national list in some years. See the full, current list on Fair Work: Public holidays.