PR718836 - Variation - 26 Jun 2020

MA000019  PR718836
FAIR WORK COMMISSION

DETERMINATION


Fair Work Act 2009

s.285—Annual wage review

Annual Wage Review 2019–20
(C2020/1)

BANKING,FINANCE AND INSURANCE AWARD 2020
[MA000019]

Banking finance and insurance industry

JUSTICE ROSS,PRESIDENT
VICE PRESIDENT CATANZARITI
DEPUTY PRESIDENT ASBURY
COMMISSIONER HAMPTON
MR FERGUSON
PROFESSOR WOODEN
MS LABINE-ROMAIN

MELBOURNE,26 JUNE 2020

Annual Wage Review 2019–20.

A. Further to the decision issued by the majority of the Expert Panel in the Annual Wage Review 2019–20 on 19 June 2020 [[2020] FWCFB 3500],the above award is varied as follows:

1. By deleting the table appearing in clause 15.1(a) and inserting the following:

    Employee classification

Minimum annual rate
(full-time employees)

Minimum weekly rate
(full-time employees)

Minimum hourly rate

 

$

$

$

Level 1

41,673

801.40

21.09

Level 2

45,635

877.60

23.09

Level 3

48,199

926.90

24.39

Level 4

50,617

973.40

25.62

Level 5

52,671

1012.90

26.66

Level 6

58,994

1134.50

29.86

2. By inserting clause 15.4(c) as follows:

(c) For employees covered by this award undertaking traineeships,the minimum rates in Schedule E to the Miscellaneous Award 2020 as at 1 July 2019,are increased by 1.75% from 1 July 2020.

NOTE:The minimum rates from 1 July 2020 for employees covered by this award undertaking traineeships are published on the Commission’s website.

3. By deleting the amount “$15.87”appearing in clause 18.3(a) and inserting “$16.15”.

4. By deleting the table appearing in clause 18.3(b)(i) and inserting the following:

Days

$ per day rostered on stand-by

Monday to Friday inclusive

18.61

Saturdays,Sundays and public holidays

38.00

5. By deleting the table appearing in clause B.1.1 and inserting the following:

 Employee classification

Ordinary hours

Public holiday

 

% of minimum hourly rate

 

100%

250%

 

$

$

Level 1

21.09

52.73

Level 2

23.09

57.73

Level 3

24.39

60.98

Level 4

25.62

64.05

Level 5

26.66

66.65

Level 6

29.86

74.65

6. By deleting the table appearing in clause B.1.2 and inserting the following:

 Employee classification

Monday - Saturday

Saturday

Sunday

Public holiday

First 3 hours

After 3 hours

Work outside employee’s weekly hours

 

% of minimum hourly rate

 

150%

200%

200%

200%

250%

 

$

$

$

$

$

Level 1

31.64

42.18

42.18

42.18

52.73

Level 2

34.64

46.18

46.18

46.18

57.73

Level 3

36.59

48.78

48.78

48.78

60.98

Level 4

38.43

51.24

51.24

51.24

64.05

Level 5

39.99

53.32

53.32

53.32

66.65

Level 6

44.79

59.72

59.72

59.72

74.65

7. By deleting the table appearing in clause B.2.1 and inserting the following:

 Employee classification

Early morning shift

Afternoon shift

Night shift

Permanent afternoon shift

Permanent night
shift

 

% of minimum hourly rate

 

112.5%

120%

125%

125%

130%

 

$

$

$

$

$

Level 1

23.73

25.31

26.36

26.36

27.42

Level 2

25.98

27.71

28.86

28.86

30.02

Level 3

27.44

29.27

30.49

30.49

31.71

Level 4

28.82

30.74

32.03

32.03

33.31

Level 5

29.99

31.99

33.33

33.33

34.66

Level 6

33.59

35.83

37.33

37.33

38.82

8. By deleting the table appearing in clause B.2.2 and inserting the following:

 Employee classification

Monday - Saturday

Saturday

Sunday

Public holiday

First 3 hours

After 3 hours

Work outside employee’s weekly hours

 

% of minimum hourly rate

 

150%

200%

200%

200%

250%

 

$

$

$

$

$

Level 1

31.64

42.18

42.18

42.18

52.73

Level 2

34.64

46.18

46.18

46.18

57.73

Level 3

36.59

48.78

48.78

48.78

60.98

Level 4

38.43

51.24

51.24

51.24

64.05

Level 5

39.99

53.32

53.32

53.32

66.65

Level 6

44.79

59.72

59.72

59.72

74.65

9. By deleting the table appearing in clause B.3.1 and inserting the following:

 Employee classification

Ordinary hours1

Public holiday

 

% of minimum hourly rate

 

125%

275%

 

$

$

Level 1

26.36

58.00

Level 2

28.86

63.50

Level 3

30.49

67.07

Level 4

32.03

70.46

Level 5

33.33

73.32

Level 6

37.33

82.12

10. By deleting the table appearing in clause B.3.2 and inserting the following:

 Employee classification

Early morning shift

Afternoon shift

Night shift

Permanent afternoon shift

Permanent night
shift

 

% of minimum hourly rate

 

137.5%

145%

150%

150%

155%

 

$

$

$

$

$

Level 1

29.00

30.58

31.64

31.64

32.69

Level 2

31.75

33.48

34.64

34.64

35.79

Level 3

33.54

35.37

36.59

36.59

37.80

Level 4

35.23

37.15

38.43

38.43

39.71

Level 5

36.66

38.66

39.99

39.99

41.32

Level 6

41.06

43.30

44.79

44.79

46.28

11. By deleting the table appearing in clause B.4.1 and inserting the following:

Age

Junior hourly rate—ordinary hours

Afternoon shift

Early morning shift

Night shift

Permanent afternoon shift

Permanent night shift

% of junior hourly rate

100%

120%

112.5%

125%

125%

130%

 

$

$

$

$

$

$

Level 1

      

16 years or under

10.54

12.65

11.86

13.18

13.18

13.70

17 years

12.65

15.18

14.23

15.81

15.81

16.45

18 years

14.76

17.71

16.61

18.45

18.45

19.19

19 years

16.87

20.24

18.98

21.09

21.09

21.93

20 years

18.98

22.78

21.35

23.73

23.73

24.67

Level 2

      

16 years or under

11.55

13.86

12.99

14.44

14.44

15.02

17 years

13.86

16.63

15.59

17.33

17.33

18.02

18 years

16.17

19.40

18.19

20.21

20.21

21.02

19 years

18.48

22.18

20.79

23.10

23.10

24.02

20 years

20.79

24.95

23.39

25.99

25.99

27.03

Level 3

      

16 years or under

12.20

14.64

13.73

15.25

15.25

15.86

17 years

14.64

17.57

16.47

18.30

18.30

19.03

18 years

17.07

20.48

19.20

21.34

21.34

22.19

19 years

19.51

23.41

21.95

24.39

24.39

25.36

20 years

21.95

26.34

24.69

27.44

27.44

28.54

Level 4

      

16 years or under

12.81

15.37

14.41

16.01

16.01

16.65

17 years

15.37

18.44

17.29

19.21

19.21

19.98

18 years

17.93

21.52

20.17

22.41

22.41

23.31

19 years

20.49

24.59

23.05

25.61

25.61

26.64

20 years

23.05

27.66

25.93

28.81

28.81

29.97

Level 5

      

16 years or under

13.33

16.00

15.00

16.66

16.66

17.33

17 years

15.99

19.19

17.99

19.99

19.99

20.79

18 years

18.66

22.39

20.99

23.33

23.33

24.26

19 years

21.32

25.58

23.99

26.65

26.65

27.72

20 years

23.99

28.79

26.99

29.99

29.99

31.19

Level 6

      

16 years or under

14.93

17.92

16.80

18.66

18.66

19.41

17 years

17.91

21.49

20.15

22.39

22.39

23.28

18 years

20.90

25.08

23.51

26.13

26.13

27.17

19 years

23.88

28.66

26.87

29.85

29.85

31.04

20 years

26.87

32.24

30.23

33.59

33.59

34.93

12. By deleting the table appearing in clause B.4.2 and inserting the following:

Age

Monday to Saturday

Sunday

Public holidays

First 3 hours

After 3 hours &all work outside and employee’s weekly hours

% of junior hourly rate

 

150%

200%

200%

250%

 

$

$

$

$

Level 1

    

16 years or under

15.81

21.08

21.08

26.35

17 years

18.98

25.30

25.30

31.63

18 years

22.14

29.52

29.52

36.90

19 years

25.31

33.74

33.74

42.18

20 years

28.47

37.96

37.96

47.45

Level 2

    

16 years or under

17.33

23.10

23.10

28.88

17 years

20.79

27.72

27.72

34.65

18 years

24.26

32.34

32.34

40.43

19 years

27.72

36.96

36.96

46.20

20 years

31.19

41.58

41.58

51.98

Level 3

    

16 years or under

18.30

24.40

24.40

30.50

17 years

21.96

29.28

29.28

36.60

18 years

25.61

34.14

34.14

42.68

19 years

29.27

39.02

39.02

48.78

20 years

32.93

43.90

43.90

54.88

Level 4

    

16 years or under

19.22

25.62

25.62

32.03

17 years

23.06

30.74

30.74

38.43

18 years

26.90

35.86

35.86

44.83

19 years

30.74

40.98

40.98

51.23

20 years

34.58

46.10

46.10

57.63

Level 5

    

16 years or under

20.00

26.66

26.66

33.33

17 years

23.99

31.98

31.98

39.98

18 years

27.99

37.32

37.32

46.65

19 years

31.98

42.64

42.64

53.30

20 years

35.99

47.98

47.98

59.98

Level 6

    

16 years or under

22.40

29.86

29.86

37.33

17 years

26.87

35.82

35.82

44.78

18 years

31.35

41.80

41.80

52.25

19 years

35.82

47.76

47.76

59.70

20 years

40.31

53.74

53.74

67.18

13. By deleting the table appearing in clause B.4.3 and inserting the following:

Age

Casual hourly rate

Afternoon shift

Early morning shift

Night shift

Permanent afternoon shift

Permanent night shift

 

% of junior hourly rate

 

125%

145%

137.5%

150%

150%

155%

 

$

$

$

$

$

$

Level 1

      

16 years or under

13.18

15.28

14.49

15.81

15.81

16.34

17 years

15.81

18.34

17.39

18.98

18.98

19.61

18 years

18.45

21.40

20.30

22.14

22.14

22.88

19 years

21.09

24.46

23.20

25.31

25.31

26.15

20 years

23.73

27.52

26.10

28.47

28.47

29.42

Level 2

      

16 years or under

14.44

16.75

15.88

17.33

17.33

17.90

17 years

17.33

20.10

19.06

20.79

20.79

21.48

18 years

20.21

23.45

22.23

24.26

24.26

25.06

19 years

23.10

26.80

25.41

27.72

27.72

28.64

20 years

25.99

30.15

28.59

31.19

31.19

32.22

Level 3

      

16 years or under

15.25

17.69

16.78

18.30

18.30

18.91

17 years

18.30

21.23

20.13

21.96

21.96

22.69

18 years

21.34

24.75

23.47

25.61

25.61

26.46

19 years

24.39

28.29

26.83

29.27

29.27

30.24

20 years

27.44

31.83

30.18

32.93

32.93

34.02

Level 4

      

16 years or under

16.01

18.57

17.61

19.22

19.22

19.86

17 years

19.21

22.29

21.13

23.06

23.06

23.82

18 years

22.41

26.00

24.65

26.90

26.90

27.79

19 years

25.61

29.71

28.17

30.74

30.74

31.76

20 years

28.81

33.42

31.69

34.58

34.58

35.73

Level 5

      

16 years or under

16.66

19.33

18.33

20.00

20.00

20.66

17 years

19.99

23.19

21.99

23.99

23.99

24.78

18 years

23.33

27.06

25.66

27.99

27.99

28.92

19 years

26.65

30.91

29.32

31.98

31.98

33.05

20 years

29.99

34.79

32.99

35.99

35.99

37.18

Level 6

      

16 years or under

18.66

21.65

20.53

22.40

22.40

23.14

17 years

22.39

25.97

24.63

26.87

26.87

27.76

18 years

26.13

30.31

28.74

31.35

31.35

32.40

19 years

29.85

34.63

32.84

35.82

35.82

37.01

20 years

33.59

38.96

36.95

40.31

40.31

41.65

14. By deleting the amount “$862.50”appearing in clause C.1.1 and inserting “$877.60”.

15. By deleting the table appearing in clause C.1.1 and inserting the following:

Allowance

Clause

% of standard rate

$

Payable

First aid allowance

18.3(a)

1.84

16.15

per week

Stand-by and call-back allowance—Monday to Friday inclusive

18.3(b)(i)

2.12

18.61

per day

Stand-by and call-back allowance—Saturdays,Sundays and public holidays

18.3(b)(i)

4.33

38.00

per day

B. This determination comes into operation on 1 July 2020. In accordance with s.286(5) of the Fair Work Act 2009 this determination does not take effect in relation to a particular employee until the start of the employee’s first full pay period that starts on or after 1 July 2020.

PRESIDENT

Printed by authority of the Commonwealth Government Printer

About this document
(1)
Code:
PR718836
Title:
PR718836 - Variation - 26 Jun 2020
Effective:
26 Jun 2020
Updated:
28 Jun 2020
Related Information
1.0.11.0 SC