MA000140  PR606466
FAIR WORK COMMISSION

DETERMINATION


Fair Work Act 2009

s.285—Annual wage review

Annual Wage Review 2017–18
(C2018/1)

RESERVE BANK OF AUSTRALIA AWARD 2016
[MA000140]

Banking finance and insurance industry

JUSTICE ROSS, PRESIDENT
VICE PRESIDENT HATCHER
DEPUTY PRESIDENT ASBURY
COMMISSIONER HAMPTON
MR COLE
PROFESSOR RICHARDSON
MR GIBBS

MELBOURNE, 20 JUNE 2018

Annual Wage Review 2017–18.

A. Further to the decision issued by the Expert Panel in the Annual Wage Review
2017–18 on 1 June 2018 [[2018] FWCFB 3500], the above award is varied as follows:

1. By deleting the table appearing in 13.3 and inserting the following:

Classifications

Minimum paid rate
$

Level 1

38,543

Level 2

44,300

Level 3

50,529

Level 4

59,056

Level 5

70,043

2. By deleting the table appearing in 13.4 and inserting the following:

Classifications

Minimum paid rate
$

Graduates (GR)

47,413

Cadets

44,300

3. By deleting the table appearing in 14.3(a) and inserting the following:

 

$ per day (or part thereof)

On normal working days

19.05

On Saturdays, Sundays and Public Holidays

38.43

4. By deleting clause C.5 and inserting the following:

C.5 Minimum Wages

C.5.1 Minimum wages for full-time traineeships

(a) Wage Level A

Subject to clause C.5.3 of this schedule, the minimum wages for a trainee undertaking a full-time AQF Certificate Level I–III traineeship whose training package and AQF certificate levels are allocated to Wage Level A by Appendix C1 are:

 

Highest year of schooling completed

 

Year 10

Year 11

Year 12

 

per week

per week

per week

 

$

$

$

School leaver

323.10

355.80

423.90

Plus 1 year out of school

355.80

423.90

493.30

Plus 2 years out of school

423.90

493.30

574.10

Plus 3 years out of school

493.30

574.10

657.30

Plus 4 years out of school

574.10

657.30

 

Plus 5 or more years out of school

657.30

   

(b) Wage Level B

Subject to clause C.5.3 of this schedule, the minimum wages for a trainee undertaking a full-time AQF Certificate Level I–III traineeship whose training package and AQF certificate levels are allocated to Wage Level B by Appendix C1 are:

 

Highest year of schooling completed

 

Year 10

Year 11

Year 12

 

per week

per week

per week

 

$

$

$

School leaver

323.10

355.80

412.40

Plus 1 year out of school

355.80

412.40

474.40

Plus 2 years out of school

412.40

474.40

556.40

Plus 3 years out of school

474.40

556.40

634.70

Plus 4 years out of school

556.40

634.70

 

Plus 5 or more years out of school

634.70

   

(c) Wage Level C

Subject to clause C.5.3 of this schedule, the minimum wages for a trainee undertaking a full-time AQF Certificate Level I–III traineeship whose training package and AQF certificate levels are allocated to Wage Level C by Appendix C1 are:

 

Highest year of schooling completed

 

Year 10

Year 11

Year 12

 

per week

per week

per week

 

$

$

$

School leaver

323.10

355.80

412.40

Plus 1 year out of school

355.80

412.40

464.30

Plus 2 years out of school

412.40

464.30

518.70

Plus 3 years out of school

464.30

518.70

577.90

Plus 4 years out of school

518.70

577.90

 

Plus 5 or more years out of school

577.90

   

(d) AQF Certificate Level IV traineeships

C.5.2 Minimum wages for part-time traineeships

(a) Wage Level A

Subject to clauses C.5.2(f) and C.5.3 of this schedule, the minimum wages for a trainee undertaking a part-time AQF Certificate Level I–III traineeship whose training package and AQF certificate levels are allocated to Wage Level A by Appendix C1 are:

 

Highest year of schooling completed

 

Year 10

Year 11

Year 12

 

per hour

per hour

per hour

 

$

$

$

School leaver

10.63

11.72

13.95

Plus 1 year out of school

11.72

13.95

16.24

Plus 2 years out of school

13.95

16.24

18.88

Plus 3 years out of school

16.24

18.88

21.61

Plus 4 years out of school

18.88

21.61

 

Plus 5 or more years out of school

21.61

   

(b) Wage Level B

Subject to clauses C.5.2(f) and C.5.3 of this schedule, the minimum wages for a trainee undertaking a part-time AQF Certificate Level I–III traineeship whose training package and AQF certificate levels are allocated to Wage Level B by Appendix C1 are:

 

Highest year of schooling completed

 

Year 10

Year 11

Year 12

 

per hour

per hour

per hour

 

$

$

$

School leaver

10.63

11.72

13.58

Plus 1 year out of school

11.72

13.58

15.61

Plus 2 years out of school

13.58

15.61

18.32

Plus 3 years out of school

15.61

18.32

20.89

Plus 4 years out of school

18.32

20.89

 

Plus 5 or more years out of school

20.89

   

(c) Wage Level C

Subject to clauses C.5.2(f) and C.5.3 of this schedule, the minimum wages for a trainee undertaking a part-time AQF Certificate Level I–III traineeship whose training package and AQF certificate levels are allocated to Wage Level C by Appendix C1 are:

 

Highest year of schooling completed

 

Year 10

Year 11

Year 12

 

per hour

per hour

per hour

 

$

$

$

School leaver

10.63

11.72

13.58

Plus 1 year out of school

11.72

13.58

15.27

Plus 2 years out of school

13.58

15.27

17.06

Plus 3 years out of school

15.27

17.06

19.01

Plus 4 years out of school

17.06

19.01

 

Plus 5 or more years out of school

19.01

   

(d) School-based traineeships

Subject to clauses C.5.2(f) and C.5.3 of this schedule, the minimum wages for a trainee undertaking a school-based AQF Certificate Level I–III traineeship whose training package and AQF certificate levels are allocated to Wage Levels A, B or C by Appendix C1 are as follows when the trainee works ordinary hours:

Year of schooling

Year 11 or lower

Year 12

per hour

per hour

$

$

10.63

11.72

(e) AQF Certificate Level IV traineeships

(f) Calculating the actual minimum wage

C.5.3 Other minimum wage provisions

(a) An employee who was employed by an employer immediately prior to becoming a trainee with that employer must not suffer a reduction in their minimum wage per week or per hour by virtue of becoming a trainee. Casual loadings will be disregarded when determining whether the employee has suffered a reduction in their minimum wage.

(b) If a qualification is converted from an AQF Certificate Level II to an AQF Certificate Level III traineeship, or from an AQF Certificate Level III to an AQF Certificate Level IV traineeship, then the trainee must be paid the next highest minimum wage provided in this schedule, where a higher minimum wage is provided for the new AQF certificate level.

C.5.4 Default wage rate

The minimum wage for a trainee undertaking an AQF Certificate Level I–III traineeship whose training package and AQF certificate level are not allocated to a wage level by Appendix C1 is the relevant minimum wage under this schedule for a trainee undertaking an AQF Certificate to Level I–III traineeship whose training package and AQF certificate level are allocated to Wage Level B.

B. This determination comes into operation from 1 July 2018. In accordance with s.166(5) of the Fair Work Act 2009 this determination does not take effect until the start of the first full pay period that starts on or after 1 July 2018.

PRESIDENT

Printed by authority of the Commonwealth Government Printer