New Zealand's men and women soccer players will receive equal pay and working conditions under a new collective bargaining agreement.

New Zealand Football (NZF) and the New Zealand Professional Footballers' Association (NZPFA) announced on Tuesday a new three-year agreement had been reached which grants equality in four key areas for the All Whites and Football Ferns.

They are: pay parity, equal prizemoney, equal rights for image use and parity across travel while representing New Zealand.

Equality: New Zealand's soccer players signed a new collective bargaining agreement this week. Credit:AAP

Those first three have largely been in place for some time, with the Ferns already sharing equal benefits under the old agreement in the form of $115 daily payments during camps, getting 40 per cent of prizemoney won by their team and the protection of image rights - although the prizemoney was far from equal given the disparity in prizemoney at FIFA tournaments for men's and women's events (US$576 million for the last men's World Cup compared to US$15 million for the women's).