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

 

Super Fund/Canada Bid v NZTA: Tow Preferred Bidders For Auckland Light Rail

The two preferred delivery partners for Auckland light rail have been chosen and a final decision on who will build this transformational infrastructure will be made early next year, Minister of Transport Phil Twyford announced. More>>

ALSO:

9.3 Percent: Gender Pay Gap Unchanged Since 2017

“While it has remained flat since 2017, the gender pay gap has been trending down since the series began in 1998, when it was 16.2 percent,” labour market statistics manager Scott Ussher said. More>>

ALSO:

Ex-KPEX: Stuff Pulls Pin On Media Companies' Joint Ad-Buying Business

A four-way automated advertising collaboration between the country's largest media companies is being wound up after one of the four - Australian-owned Stuff - pulled the pin on its involvement as part of a strategic review of its operations ... More>>

Bus-iness: Transdev To Acquire More Auckland And Wellington Operations

Transdev Australasia today announced that it has agreed terms to acquire two bus operations in Auckland and Wellington, reaching agreement with Souter Investments to purchase Howick and Eastern Buses and Mana Coach Services. More>>

ALSO: