Which award covers a finance business partner?

The Banking, Finance and Insurance Award 2020 (MA000019) covers employers in banking, finance and insurance. A finance business partner role is typically classified at Level 5 or Level 6 under that award, depending on duties and experience. Check the award classification definitions to confirm the correct level.

How does superannuation apply to the finance business partner salary?

Superannuation is paid on top of the minimum salary. From 1 July 2026, the super guarantee rate is 12% of ordinary time earnings. For a Level 5 employee earning the minimum annual salary of $67,174, the employer must contribute an additional $8,060.88 per year to a complying super fund.

What is the take-home pay after tax for a finance business partner on the award minimum?

Take-home pay depends on tax withholding and Medicare. For a Level 5 employee earning $67,174 annually (2026-27), the estimated weekly gross is $1,291.80. After tax (using resident rates with full tax-free threshold) and Medicare (2% on income over $30,000), the net weekly pay is approximately $1,022. This is an estimate only; actual tax may vary with offsets or deductions.

Finance business partner salary: award minimums and what you can expect

Under the Banking, Finance and Insurance Award, a finance business partner is typically classified at Level 5 or 6, with minimum hourly rates of $33.99 or $38.07 respectively (from 1 July 2026).

Finance business partner salary: what the law says

If you're researching a finance business partner salary in Australia, the first thing to know is that a legal minimum applies. Most finance business partners are covered by the Banking, Finance and Insurance Award 2020, which sets minimum hourly rates for each classification level. The Fair Work Ombudsman publishes the full award , and the Fair Work Commission maintains the Modern Awards Pay Database .

The legal minimum: award rates

Under the Banking, Finance and Insurance Award, a finance business partner is typically classified at Level 5 or Level 6. From 1 July 2026, the minimum rates are:

Level 5: $33.99 per hour, $1,291.80 per week, $67,174 per year
Level 6: $38.07 per hour, $1,446.80 per week, $75,234 per year

These rates are for full-time employees working 38 ordinary hours per week. Part-time employees must be paid at least the same hourly rate. Casual employees receive a 25% loading on top – that's $42.49 per hour for Level 5 and $47.59 per hour for Level 6.

If you are not covered by an award or enterprise agreement, the national minimum wage applies: $26.44 per hour or $1,004.90 per week. But because the award rates are higher, the award is the relevant floor for most finance business partners.

Superannuation: an extra 12% on top

All minimum rates quoted are before tax. Superannuation is an employer payment on top of the salary. From 1 July 2026, the super guarantee is 12% of ordinary time earnings. For a Level 5 employee on the minimum, that adds about $8,061 per year to the total employment cost.

How the award minimum compares to survey averages

The award minimum is a floor, not a typical salary. The Australian Bureau of Statistics (ABS) reports that full-time adult ordinary-time earnings in May 2026 were $2,083.70 per week. That figure covers all occupations, not just finance. A finance business partner with experience often earns well above the award minimum – sometimes $100,000 to $130,000 per year or more, depending on the employer, industry, and location.

Negotiated salaries and enterprise agreements

Many employers in banking and finance use enterprise agreements that set higher rates than the award. If your workplace has a registered agreement, check that document for the applicable pay rates. The Fair Work Commission's website lists approved agreements. A negotiated salary can also exceed both the award and any agreement – that's a matter between you and your employer.

Tax and take-home pay

To understand what you actually keep, consider tax and Medicare. For the 2026-27 year, a finance business partner earning the Level 5 minimum of $67,174 would have:

Weekly gross: $1,291.80
Estimated weekly tax (resident with full tax-free threshold): about $248
Medicare levy (2% on income over $30,000): about $21 per week
Net weekly pay: approximately $1,022

This is a simplified estimate. It does not include the low income tax offset, HELP repayments, salary sacrifice, or the Medicare levy surcharge. Use the ATO's tax calculator for a precise figure.

When a lower rate can apply

Not every employee must receive $26.44 per hour. Juniors, apprentices, trainees, and employees on introductory award rates or supported wages can be paid less. For award-free juniors, percentages of the adult rate apply – for example, a 19-year-old gets 82.5% ($21.82 per hour). But under the Banking, Finance and Insurance Award, junior rates only apply if the law permits juniors to perform the work, and the percentages are set out in clause 15.2.

Key takeaway

The finance business partner salary has a clear legal floor under the Banking, Finance and Insurance Award. For a Level 5 role, that's $33.99 per hour plus 12% super. Actual salaries are often much higher, but the award ensures a baseline. Always check your classification and any applicable enterprise agreement to confirm your correct minimum rate.

For the published floors, see the rate tables and how the figures work.