Banking, Finance and Insurance Award [MA000019]

Who the Banking, Finance and Insurance Award covers

The Banking, Finance and Insurance Award covers employers in the banking, finance and insurance industry, and their employees who fit within the classifications of the award.

The banking, finance and insurance industry means:

  • banking
  • lending
  • loaning
  • providing credit
  • investment services
  • finance
  • superannuation
  • all forms of insurance
  • credit unions
  • building societies
  • financial intermediaries
  • trustee creditors and agencies
  • money market dealers
  • credit or charge card institutions
  • wool broking
  • agribusiness.

It also covers services to the above industries such as:

  • broking
  • trading
  • debt recovery
  • financial consulting
  • valuation
  • money changing
  • data processing
  • transaction accounts
  • telephone enquiries and
  • transaction processing.

The Banking, Finance and Insurance Award also covers labour hire businesses and their employees who are placed with an organisation in the banking, finance and insurance industry.

Check the award for full information on who is covered and the classification descriptions. 

Source reference: Banking, Finance, and Insurance Award [MA000019] 2, 4 and schedule A

Who the Banking, Finance and Insurance Award doesn't cover

Accountants employed by accountancy firms are not covered by the Banking, Finance and Insurance Award.

The Banking, Finance and Insurance Award doesn’t cover employers and employees covered by the Contract Call Centres Award.

Check the award for full information on coverage and classifications.

Source reference: Banking, Finance and Insurance Award 2010 [MA000019] clauses 2, 4 and schedule A

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