Banking and finance award overtime

  • Overtime on Monday to Saturday
    Employees working overtime from Monday to Saturday get paid: 150% of their minimum hourly rate for the first 2 hours. 200% of their minimum hourly rate for the hours worked after that.
4.1 This industry award covers employers throughout Australia who are engaged in the banking, finance and insurance industry in respect of work by theirĀ  The National Employment CoverageMinimum ratesOvertime
4.1 This industry award covers employers throughout Australia who are engaged in the banking, finance and insurance industry in respect of work by theirĀ 

What if an employee requests to be paid for overtime?

(f) If the employee requests at any time, to be paid for overtime covered by an agreement under clause 20

5 but not taken as time off, the employer must pay the employee for the overtime, in the next pay period following the request, at the overtime rate applicable to the overtime when worked

When do the pay and conditions rates apply?

The rates in this guide apply from the first full pay period on or after 01 July 2020

Information about the definition and operation of allowances, penalties and overtime can be found in the award and the Pay and Conditions Tool

The best way to get general pay and conditions advice is to register for My account on our website


The Quill and Dagger Society, founded at Cornell University in 1893, selects new undergraduate members in the spring of their junior year or fall of their senior year.
A small number of honorary members have been selected since the society's founding, usually qualified individuals who were not eligible for membership as undergraduates, such as Janet Reno and Ruth Bader Ginsburg, both of whom graduated before the society accepted women.
Cornell Presidents Dale R.
Corson, Frank H.T.
Rhodes, Hunter R.
Rawlings III, and Jeffrey Lehman all hold membership in the society as well.

The Quill and Dagger Society, founded at Cornell University in 1893, selects new undergraduate members in the spring of their junior year or fall of their senior year.
A small number of honorary members have been selected since the society's founding, usually qualified individuals who were not eligible for membership as undergraduates, such as Janet Reno and Ruth Bader Ginsburg, both of whom graduated before the society accepted women.
Cornell Presidents Dale R.
Corson, Frank H.
T.
Rhodes, Hunter R.
Rawlings III, and Jeffrey Lehman all hold membership in the society as well.

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