Bill Evans Westpac salary and the national line
When you search for "bill evans westpac salary", you are likely looking for the pay of Westpac's chief economist. Executive salaries at Australia's largest banks are not published in the datasets used on this site – the ABS Average Weekly Earnings survey, Fair Work Commission enterprise agreements, or the ATO's tax tables. Those sources cover broad groups of employees, not named individuals.
This page explains where the national full-time average sits, how state and award differences can move pay away from that line, and what we do know about the pay structures at Westpac.
The national full-time average
The Australian Bureau of Statistics (ABS) publishes Average Weekly Earnings twice a year, for May and November. The May 2026 release shows full-time adult average weekly ordinary time earnings of $2,083.70. Multiplied by 52 weeks, that is about $108,352 a year before tax. This is the line that Place a salary on the line uses as its benchmark.
Other key figures from the same source:
- Full-time adult average weekly total earnings (including overtime): $2,156.50 a week, about $112,138 a year.
- All employees average weekly total earnings (including part-time and casual): $1,579.20 a week, about $82,118 a year.
Men's full-time ordinary time average is about $113,412 a year; women's is about $100,594 a year.
Medians and the minimum wage
Averages can be pulled up by high earners. The ABS Employee Earnings and Hours survey (August 2025) gives medians:
- Full-time employee median total cash earnings: about $90,532 a year.
- All employee median total cash earnings: about $74,100 a year.
These medians are lower than the averages, which is typical in a skewed distribution.
The national minimum wage from 1 July 2026 is $26.44 an hour, or $1,004.90 a week on a 38-hour week – about $52,255 a year. Award minimums rose by 4.75% from that date.
State-by-state differences
Where you work matters. The ABS publishes full-time adult average weekly ordinary time earnings for each state and territory. Annualised (×52):
- New South Wales: about $109,658
- Victoria: about $106,137
- Queensland: about $106,064
- South Australia: about $102,450
- Western Australia: about $115,825
- Tasmania: about $96,008
- Northern Territory: about $103,173
- Australian Capital Territory: about $119,090
If Bill Evans works in Westpac's Sydney head office, the NSW average is the most relevant state benchmark. But as a senior executive, his pay is likely far above even the highest state average (ACT at $119,090).
See the full breakdown on the States and territories page.
How enterprise agreements set a floor
Westpac's employees who are not executives are covered by the Westpac Group Enterprise Agreement 2025, approved by the Fair Work Commission and expiring 31 December 2027. That agreement sets minimum pay rates, allowances, and conditions for thousands of staff. It does not cover the chief economist or other senior leaders.
Award and enterprise agreement wages are a floor, not a ceiling. They ensure that even the lowest-paid full-time adult employee earns at least the relevant minimum. For many roles, the actual pay is above the award rate due to market pressure, enterprise bargaining, or individual contracts.
Where executive salaries are disclosed
For ASX-listed companies like Westpac, the remuneration of key management personnel (including the chief economist if they are a named executive) is published in the annual report. That document is lodged with the ASX and available on the company's website. The figures typically include base salary, superannuation, bonuses, and long-term incentives.
Because the ABS and Fair Work sources do not capture individual executive pay, we cannot give a precise figure for Bill Evans here. If you need that number, the annual report is the authoritative source.
Tax on high salaries
For the 2026–27 income year, the ATO's resident tax rates are:
- Nil on the first $18,200
- 15% on the next $26,800 (to $45,000)
- 30% on the next $90,000 (to $135,000)
- 37% on the next $55,000 (to $190,000)
- 45% above $190,000
Plus the Medicare levy of 2% (before any reductions).
An executive earning well above $190,000 would face a marginal rate of 47% (45% + 2% Medicare) on income over that threshold. That is significantly higher than the marginal rate for someone on the national full-time average of $108,352, who would be in the 30% bracket plus Medicare (32% total).
Why the line matters
The national full-time average of $108,352 is a useful reference point, but it is not a target or a guarantee. Many factors push individual salaries above or below it:
- Occupation: Economists and financial managers typically earn more than the all-industries average. See Job medians for comparisons.
- Industry: Banking and financial services is one of the highest-paying industries. See Industry medians.
- Location: As the state figures show, Western Australia and the ACT have higher averages than Tasmania and South Australia.
- Enterprise agreements and awards: These set minimums but also influence pay structures across whole sectors.
For more detail on how the figures are calculated, see How the figures are set. For guides on using the line, see Guides.
Summary
Bill Evans' Westpac salary is not available from the ABS, Fair Work, or ATO datasets used on this site. Executive pay is disclosed in company annual reports. The national full-time average of $108,352 a year provides a benchmark, but executive salaries at major banks are typically multiples of that figure. State and award differences explain why most employees earn less or more than the national line, but for named executives, the annual report is the place to look.
About this site explains our methodology and data sources.