Some terminology or abbreviations might not be familiar to audiences outside of New Zealand who might have to work with New Zealand payroll, including implementation consultants and support users.
| Abbreviation or Term | Definition |
|---|---|
| ACC | Accident Compensation Corporation |
| AWE | Average Weekly Earnings |
| BIC Code | Business Industry Classification - identifies an organisation's business activities with IRD, which sends the BIC code to ACC. |
| CU | Classification Unit - used by ACC to determine levy rate. The CU is derived from the BIC code from IRD. |
| ESS | Employee Share Scheme |
| IR330 | Tax Code Declaration |
| IRD | Inland Revenue Department |
| IRD Number | A number that identifies individuals, and businesses or organisations, for tax related purposes. IRD Numbers are unique for both individuals and businesses or organisations. IRD Numbers for individuals are kept for life. |
| KiwiSaver | Voluntary savings scheme for employee savings for retirement funds. |
| PAYE | Pay As You Earn |
| NCC | National Clearing Code - a six-digit numerical code that identifies an individual branch of a financial institution in New Zealand. |
| NZ Super | New Zealand Superannuation. NZ Super is a payment that is available to citizens and permanent residents of New Zealand who are 65 or older, provided certain criteria are met. |
| OWP | Ordinary Weekly Pay |
| SLBOR | Student loan Borrower deductions, or extra voluntary deductions for student loans (requested by employee) |
| SLCIR | Student loan Commissioner deductions, or extra compulsory deductions for student loans (requested by IR) |