Section Sch1-49 — Injury Prevention, Rehabilitation, and Compensation Act 2001: Earnings definitions for purposes of clause 51

49 Earnings definitions for purposes of clause 51 (1) [Repealed] (2) [Repealed] (3) In clause 51(2) , earnings does not include any payment made on the termination of employment in respect of leave entitlements. (4) In clause 51(2) — (a) earnings includes payments— (i) whether made in New Zealand or overseas: (ii) whether made in New Zealand currency or an overseas currency: (b) employment includes employment whether in New Zealand or overseas. (5) Payments made in an overseas currency must be treated as having been converted into New Zealand currency at the average rate of foreign exchange offered, at the date of payment, by registered banks in New Zealand. Compare: 1998 No 114 Schedule 1 cl 23 Schedule 1 clause 49(1): repealed, on 1 August 2008, by section 33(1) of the Injury Prevention, Rehabilitation, and Compensation Amendment Act 2008 (2008 No 46). Schedule 1 clause 49(2): repealed, on 1 August 2008, by section 33(1) of the Injury Prevention, Rehabilitation, and Compensation Amendment Act 2008 (2008 No 46). Schedule 1 clause 49(3): substituted, on 1 August 2008, by section 33(1) of the Injury Prevention, Rehabilitation, and Compensation Amendment Act 2008 (2008 No 46). Schedule 1 clause 49(4): amended, on 1 August 2008, by section 33(1) of the Injury Prevention, Rehabilitation, and Compensation Amendment Act 2008 (2008 No 46).