14Rates and costs schedules

14 Rates and costs schedules

(1) The Minister, in consultation with the industry councils, must—

(a) develop rates and costs schedules for contractors; and

(b) revise each schedule at periods not exceeding 12 months.

(2) Each schedule must—

(a) specify the class of contractor and vehicle or motorised equipment to which it applies; and

(b) contain the following information—

(i) typical fixed and variable overhead costs for that class of contractor and vehicle or equipment; and

(ii) the base hourly rate and casual hourly rate that would typically apply to that class of contractor if a contractor of that class were performing substantially similar work as an employee.

(3) For the purposes of subsection (2)(b)(i), fixed and variable overhead costs include, but are not limited to—

(a) vehicle or equipment registration, maintenance and running costs;

S. 14(3)(b) amended by No. 67/2013 s. 649(Sch. 9 item 27).

(b) business administration and insurance costs (including any premiums payable under the Workplace Injury Rehabilitation and Compensation Act 2013);

(c) self-funding of superannuation;

(d) finance costs;

(e) costs of complying with any applicable laws;

(f) costs of engaging additional or relief labour;

(g) depreciation of vehicles or equipment.