Home / Pay guides / MA000140
Reserve Bank of Australia Award pay rates 2026–27
The minimum hourly rates and penalty rates under the Reserve Bank of Australia Award 2016 [MA000140], in force from 1 July 2026. The lowest adult rate is $2.89 an hour, or $3.61 for casuals.
Minimum hourly rates
Adult rates per hour. The casual rate includes the casual loading. Junior, apprentice and trainee rates are set separately in the award.
| Classification | Full-time & part-time | Casual |
|---|---|---|
| On normal working days | $2.89 | $3.61 |
| On Saturdays, Sundays and Public Holidays | $5.84 | $7.30 |
Cadets and graduates
| Classification | Full-time & part-time | Casual |
|---|---|---|
| Cadets | $24.08 | $30.10 |
| Graduates (GR) | $32.07 | $40.09 |
Other than Cadets and Graduates
| Classification | Full-time & part-time | Casual |
|---|---|---|
| Level 1 | $26.53 | $33.16 |
| Level 2 | $29.96 | $37.45 |
| Level 3 | $34.18 | $42.73 |
| Level 4 | $39.94 | $49.93 |
| Level 5 | $47.38 | $59.23 |
Source: the Fair Work Commission's published rates. Check them against the award or the Fair Work Ombudsman's pay guide.
Reserve Bank of Australia Award: common questions
What is the minimum pay rate under the Reserve Bank of Australia Award?
From 1 July 2026, the lowest adult classification, On normal working days, is $2.89 an hour for full-time and part-time employees and $3.61 an hour for casuals, which includes the casual loading. Higher classifications are paid more; the full table is on this page.
When do Reserve Bank of Australia Award pay rates change?
The Fair Work Commission reviews minimum wages every year, and new rates usually apply from the first full pay period on or after 1 July. The rates on this page apply from 1 July 2026.
How do I check a payslip against the Reserve Bank of Australia Award?
Upload the payslip to FairCheck's free payslip check. It reads the pay lines, confirms the award and classification with you, and shows whether the rates, penalties and super meet this award, with the reasoning for every line.