market rate (RSE instructions)

From instructions: WH1.20 Requirements for employment agreements under RSE instructions

WH1.20.15 Market Rate

For the purpose of RSE Instructions, 'market rate' is the typical rate a New Zealand citizen or residence class visa holder is paid for doing the equivalent work, in the same period, in the same region. The 'market rate' may be expressed in terms of a 'per hour' rate or a piece rate.

Effective 29/11/2010