Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Government Should Accept ACC Board’s Advice

ACC Levies - Government Should Accept ACC Board’s Advice

The Accident Compensation Corporation recommendation to government that ACC levies be reduced between 6% and 28% for the 2001-2002 years “should be accepted in full” and passed on to business with a strong, encouraging congratulatory message to “do better”.

Michael Barnett, Chief Executive of the Auckland Regional Chamber of Commerce, described as “unacceptable” suggestions from Finance Minister Michael Cullen that he would follow the pattern of the previous government and be “somewhat more conservative” than recommended by the ACC Board, following advice from Treasury.

The lower premiums worked out by the Corporation have only been possible because the work done by business under the former competitive model to put in place accident prevention regimes has achieved lower accident rates reducing the scheme’s overall costs.

“Government should trust business and the Corporation Board’s recommendations to hold the gains. Instead of setting artificial premium levels, Mr Cullen would be better advised to action the Board’s recommendations in full with a strong encouraging message to business to continue to improve accident prevention and seek still further premium reductions based on performance.”

Ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Very Small Things: "Game-Changing" 3D Printing Technology Launched

New Zealand microfabrication researchers Andrea Bubendorfer and Andrew Best, the co-inventors of a new way of fabricating very small things with Laminated Resin Printing (LRP), are part of Callaghan Innovation’s MicroMaker3D team launching the new patent pending technology in the US this week. More>>

ALSO:

Wainui: Major Infrastructure Partnership For North Auckland

Minister of Housing and Urban Development Phil Twyford and Auckland Mayor Phil Goff today announced a partnership that will fund $91 million of roading and wastewater infrastructure to support the building of 9000 homes... More>>

ALSO:

NZ's Space Programme: Rocket Lab Reaches Orbit Again

Rocket Lab has continued the success of its 2018 orbital launch program with the launch of seven payloads to orbit. The mission marks Rocket Lab’s second successful orbital launch and deployment of customer satellites. More>>

ALSO:

Supreme Court: Labelling Swamp Kauri Slab A Tabletop Doesn't Make It One

New Zealand's highest court has ruled that exporting slabs of swamp kauri as "tabletops" or swamp kauri logs as "totem or temple poles" is illegal under the Forests Act. More>>

ALSO: