Who is covered by the banking finance and insurance award?

4.5 This award covers any employer which supplies labour on an on-hire basis in the banking,finance and insurance industry in respect of on-hire employees in classifications covered by this award,and those on-hire employees,while engaged in the performance of work for a business in that industry.

What is banking finance and insurance?

Banking, financial services and insurance (BFSI) is an industry term for companies that provide a range of such financial products or services. BFSI comprises commercial banks, insurance companies, non-banking financial companies, cooperatives, pensions funds, mutual funds and other smaller financial entities.

Are accountants covered by an award?

Many managers and professionals have not traditionally been covered by awards. This includes accountants and finance, marketing, legal, human resources, public relations and information technology specialists.

When did the banking finance and insurance Award 2010 start?

Banking, Finance and Insurance Award 2010 MA000019 3 Part 1—Application and Operation 1. Title This award is the Banking, Finance and Insurance Award 2010. 2. Commencement and transitional [Varied by PR988363, PR542139] 2.1This award commences on 1 January 2010.

4. Coverage 4.1 This industry award covers employers throughout Australia who are engaged in the banking,finance and insurance industry in respect of work by their employees in a classification in this award and those employees to the exclusion of any other modern award.

How to apply for the banking finance and insurance award 2020?

Banking,Finance and Insurance Award 2020 Part 1—Application and Operation of this Award 1. Title and commencement 2. Definitions 3. The National Employment Standards and this award 4. Coverage 5. Individual flexibility arrangements 6. Requests for flexible working arrangements 7. Facilitative provisions

What does Banking, Finance and insurance industry mean?

In this award,unless the contrary intention appears: Act means the Fair Work Act 2009 (Cth). banking,finance and insurance industry has the meaning given in clause 4.2. defined benefit member has the meaning given by the Superannuation Guarantee (Administration) Act 1992 (Cth).