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

 


ACC proposal not the best for safety

16 August 2006

ACC proposal not the best for safety

Plans to merge the employer and self-employed ACC accounts won’t necessarily incentivise safety says Business NZ.

This morning the ACC Minister announced plans to have the same levy for both accounts.

Business NZ Chief Executive Phil O’Reilly says there are two main problems with the plan.

“The first is that the employer account is significantly overfunded compared with the self-employed account. Merging the two will mean employers subsidising ACC for the self-employed.

“The second issue is the plan’s inadequate incentives for workplace safety. Without experience rating - which rewards a good safety record and penalises a poor one - there are not strong incentives for companies to constantly improve their safety management.

“The current systems-based scheme - where companies get audited for Workplace Safety Management Practices - needs to be augmented with some form of experience rating.

“Otherwise, given the generally higher risk profile of the self-employed group, a uniform levy will lessen the incentives for good safety management in both groups.

“Business would prefer a system capable of identifying and penalising poor safety management and rewarding safe practice, instead of a simple socialised ‘one-size fits all’ system.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news