Yes
Good operators would pay this ammount, and good pilots would be looking for it. There is also a minimum of 2 hour or four hour day payment, depending on elapsed time. There are other agreements, but they should be similar to this.
Working as a casual pilot is not very good because you too often do not get enough paid hours, so you get another job, and this interferes with your flying job.
Casual flying is really only viable if you can do work for a number of different operators and so get enough hours.
UTBNI means "up to but not including"