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

 


Safer Cars, Lower ACC Levies: Good Move, MTA Says

Safer Cars, Lower ACC Levies: Good Move, MTA Says

Proposals by ACC to base levies for private motor vehicles on their safety ratings are a welcome move says Motor Trade Association (MTA).

Safety ratings would be based on a system, developed by Melbourne's Monash University, that rates vehicles on how well they protect occupants from injury in a crash situation.

With significant improvements in active and passive safety systems in recent times, the safety profile of the national fleet now varies significantly.

Currently, private petrol-powered passenger vehicles are charged $198.65 in ACC levies, while diesel powered passenger vehicles are charged $321.59. The levies are charged as part of vehicle licensing fees. Lowering these will be a welcome move for many motorists.

The changes, proposed for the 2014/15 year, would mean the lowest risk rated petrol-powered passenger vehicles would face an ACC levy of $98.65, with diesel powered passenger vehicles in this group facing an ACC levy of $222.53.

MTA has previously submitted that cars with a better safety rating present less risk in event of a crash to occupants – and thus a lower cost, from an ACC perspective.

MTA General Manager Advocacy and Training Dougal Morrison says “This is a positive move. We have long contended that cars are progressively getting safer and providing more protection for occupants, and this is likely to continue into the future. This move is a good start, but the key will be ensuring that there are enough categories created and that they reflect the state of the fleet over time.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Scoop Business: Embrace Falling Home Affordability, Says NZIER

Despair over the inability to afford a house is misplaced and should be embraced as an opportunity to invest in more wealth-creating activity, says the principal economist at the New Zealand Institute of Economic Research, Shamubeel Eaqub. More>>

Productivity Commission: NZ Regulation Not Keeping Pace

New Zealand regulators often have to work with out-of-date legislation, quality checks are under strain, and regulatory workers need better training and development. More>>

ALSO:

Callaghan Innovation: Investment To Help Deepen Innovation Reporting

Callaghan Innovation, the government’s high tech HQ for Kiwi business, is to help deepen New Zealand media coverage of the commercialisation of innovation through an arms-length partnership with independent business news service BusinessDesk. More>>

ALSO:

Tax Credits, Grants: Greens $1Bn R&D Plan

In the Party’s headline economic announcement, the Greens have launched their plan to build a smarter, more innovative economy which has as its centrepiece an additional $1 billion of government investment in research and development (R&D) above current spend, including tax breaks for business. More>>

ALSO:

Inflation: CPI Increases 0.3 Percent In June Quarter

The consumers price index (CPI) rose 0.3 percent in the June 2014 quarter, Statistics New Zealand said today. This follows rises of 0.3 percent the March quarter and 0.1 percent in the December 2013 quarter. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news