PR718991 - Variation - 26 Jun 2020

MA000019  PR718991
FAIR WORK COMMISSION

DETERMINATION


Fair Work Act 2009

s.157—variation of modern award

Expense-related allowances 2020
(AM2020/19)

BANKING,FINANCE AND INSURANCE AWARD 2020
[MA000019]

Banking finance and insurance industry

JUSTICE ROSS,PRESIDENT
VICE PRESIDENT CATANZARITI
COMMISSIONER HAMPTON

MELBOURNE,26 JUNE 2020

Expense-related allowances.

A. Pursuant to s.157 of the Fair Work Act 2009,the above award is varied as follows:

1. By deleting the amounts “$17.00”and “$13.98”appearing in clause 18.4(a) and inserting “$17.35”and “$14.27”respectively.

2. By deleting the amounts “101.86”and “125.65”appearing in clause 18.4(b)(iii) and inserting “104.02”and “128.31”respectively.

3. By deleting the amount “$0.78”appearing in clause 18.4(b)(iv) and inserting “$0.80”.

4. By deleting the table appearing in clause C.2.1 and inserting the following:

Allowance

Clause

$

Payable

Meal allowance—Overtime of 1.5 hours which extends beyond 6.00 pm

18.4(a)

17.35

per occasion

Meal allowance—Further meal allowance if overtime exceeds 5.5 hours

18.4(a)

14.27

per occasion

Vehicle allowance—1500cc and under

18.4(b)(iii)

104.02

per week

Vehicle allowance—Over 1500cc

18.4(b)(iii)

128.31

per week

Casual or incidental use

18.4(b)(iv)

0.80

per km

B. This determination comes into operation on 1 July 2020. In accordance with s.165(3) 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:
PR718991
Title:
PR718991 - Variation - 26 Jun 2020
Effective:
26 Jun 2020
Updated:
28 Jun 2020
Related Information
1.0.11.0 SB