Press Release on NZ First Affordable Healthcare Bill
Removing FBT On Employer Subsidies For Health Insurance Is A Positive Move
The NZ Association of Accredited Employers supports the NZ First private member’s Bill that would remove FBT from employer contributions to employee health insurance.
Carl Stent, Chair of the Association states that, “taxation on employer contributions to employee wellbeing is counterproductive and a disincentive to increase health initiatives that arise out of the workplace. Our members take a personal interest in their employees’ health and safety by directly managing work related injuries through the ACC accredited employer programme. For more than a decade FBT has limited the interest of accredited employers to extend lessons learnt into wider employee wellbeing initiatives.
Mr Stent notes that, “the health and wellbeing of the workforce contributes directly to the health and wellbeing of the economy. Taxation that acts as a disincentive for employers to assist employee’s health and wellbeing makes no sense.”
About the NZ
Association of Accredited Employers (NZAAE)
The NZAAE represents the interest of employers who are part of the ACC Accredited Employer Programme (also known as the ACC Partnership Programme. www.nzaae.co.nz