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

 

Aus Insurance Crisis Vindicates ACC Restoration

Australian Insurance Crisis Vindicates ACC Restoration

“As their Australian counterparts face premium increases of up to 700%, small business in New Zealand can be thankful for the ACC reforms which saved them from similar premium hikes for workplace accident insurance,” Council of Trade Unions president and former Deputy Chair of ACC Ross Wilson said today.

Ross Wilson was commenting on the call by Australian Small Business Minister, Joe Hockley, for Australia to reject their private insurance scheme and consider a national accident compensation scheme like New Zealand’s.

“In the past year we have seen one of the large Australian private insurers, HIH, which led the campaign for privatisation of our ACC collapse amidst allegations of mismanagement and fraud, and now we see Australian premiums increasing several hundred percent,” Ross Wilson said

“Our Aussie cousins don’t often acknowledge that we are doing something better but it is not surprising that they are looking in wonder at ACC which is delivering more compensation for a fraction of the Australian private insurance premiums.”

Ross Wilson said our small businesses should be relieved ACC has been restored.

“From a worker’s point of view ACC is far from perfect but business leaders should at least acknowledge that it is cheap compared with what they would be paying the Australian insurance companies who controlled the New Zealand market under the 1998 reforms”.

Ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>

ALSO:

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>

ALSO:

Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>

ALSO:

 
 
 
 
 
 
 
 
  • Bill Bennett on Tech