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


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

"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


© Scoop Media

Business Headlines | Sci-Tech Headlines


Seeking 'Clarity': Crown To Appeal Southern Response Decision, Offers Costs

“It is our intention that the clarity that will come from the outcome of these proceedings will enable the Crown to work with Southern Response to provide a soundly based proactive solution to those people that are affected.” More>>

Thinking Of The Children: Plan For Classification For Commercial Video On Demand

Classifying on-demand video content will be made mandatory to bring it in line with other media and provide better guidance and protections to families and young people, says Internal Affairs Minister Tracey Martin. More>>

Cheques Out: Inland Revenue And ACC Push For Paperless

Inland Revenue and the Accident Compensation Corporation are calling ‘time’ on cheques. From March next year, IR and ACC will no longer accept payments by cheque from customers who are able to use alternative payment options. More>>


"Vision And Growth": Capital Markets 2029 Report

Broader participation by New Zealanders, greater access to growth capital for New Zealand enterprises, and more choices for investors drive the recommendations in the Capital Markets 2029 report released today. More>>


Forest & Bird: Call For More Funding To Stop Plague Of Wallabies

Wallabies could spread over a third of New Zealand within the next 50 years, unless control is increased dramatically, says Forest & Bird central North Island regional manager Rebecca Stirnemann. More>>