| MA000019 PR729461 |
| FAIR WORK COMMISSION |
DETERMINATION |
Fair Work Act 2009
s.157—variation of modern award
Expense-related allowances 2021
(AM2021/60)
BANKING,FINANCE AND INSURANCE AWARD 2020
[MA000019]
Banking finance and insurance industry | |
JUSTICE ROSS,PRESIDENT | MELBOURNE,25 JUNE 2021 |
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 “$17.35”and “$14.27”appearing in clause 18.4(a) and inserting “$17.63”and “$14.50”respectively.
2. By deleting the amounts “104.02”and “128.31”appearing in clause 18.4(b)(iii) and inserting “104.51”and “128.92”respectively.
3. 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) | 17.63 | per occasion |
Meal allowance—Further meal allowance if overtime exceeds 5.5 hours | 18.4(a) | 14.50 | per occasion |
Vehicle allowance—1500cc and under | 18.4(b)(iii) | 104.51 | per week |
Vehicle allowance—Over 1500cc | 18.4(b)(iii) | 128.92 | per week |
Casual or incidental use | 18.4(b)(iv) | 0.80 | per km |
B. This determination comes into operation on 1 July 2021. 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 2021.
PRESIDENT
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