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

 


Put Politics Aside, Give ACC Competition A Chance

1 July 1999
PR60/99

PUT POLITICS ASIDE, GIVE ACC COMPETITION A CHANCE

Federated Farmers today asked the NZ Labour Party to give the new
accident insurance regime a chance to work, before reverting to the
previous ACC monopoly.

"Winding back the new ACC regime would be a bad move for everyone.
Federated Farmers asks that politics be put aside and that the
competitive market for accident insurance be given a fair chance to
prove itself" said Vice President and ACC spokesperson Alistair Polson.

"The competitive environment has already spurred employers to take a
more positive attitude to health and safety in their workplaces."

"Is Labour prepared to throw away potential cost savings of $200m per
year?"

"The self-employed, who are the powerhouse of the New Zealand economy,
want the opportunities provided by private insurers. For the first time in
over 25 years they can get guaranteed income protection should they be
unable to work due to an accident. This is why a significant number of
self-employed have already moved to private insurers, even when they could
have stayed with ACC."

"The new legislation confirms that employees' rights and benefits have
not been eroded. In fact many employees have gained as their employers
have taken the opportunity provided by private insurers to purchase
increased benefits for their employees."

"A benefit of commercial insurance is that greater financial pressure
and more significant penalties will be placed on employers. The result
will be fewer accidents and injuries."

"Everyone involved has much to gain from the new regime, which will
reduce costs, increase benefits, and best of all, make our workplaces
safer."

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news