Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Another Air New Zealand

Another Air New Zealand

Thursday, September 20 2001 Richard Prebble Press Releases -- ACC


The massive $852 million loss by ACC is another Air New Zealand, said ACT Leader Richard Prebble.

"The true losses of ACC are not just the deficit of $313 million, but also the $539 million loss that ACC made in underwriting that will have to be paid for.

"The Labour Government has already decided to push the loss onto the motorist with a $20 increase in premiums and onto small business with a 25 percent increase on ACC premiums for the self-employed. Emergency services like ambulances and the fire service face a significant increase.

"This is a major corporate failure and the biggest by a state entity ever.

"The Government must take full responsibility. Business and the ACT party warned the Government that renationalising ACC would create a monopoly and great risk.

"The private sector had promised a further 20 percent reduction in premiums this year and instead we not only see an increase in premiums but ACC has not performed in rehabilitating those injured by accidents ' a human tragedy.

"A sign of this Government's lack of business knowledge is a statement by the Minister in Charge of ACC, Lianne Dalziel, who describes this loss as 'a good performance'.

"I believe the Minister can't read a balance sheet. What the Government should do is admit they have made a billion dollar mistake and reintroduce competition and choice into personal accident injury insurance," Richard Prebble said.

ACT's Finance Spokesman Rodney Hide said the loss is so great that ACC will have to be revalued, turning the Government's projected surplus into a deficit. "Dr Cullen does not have the surpluses he thought this morning were available to finance an increased programme of public works. This loss is so large it will affect the whole economy and every New Zealander," Mr Hide said.

For more information visit ACT online at http://www.act.org.nz or contact the ACT Parliamentary Office at act@parliament.govt.nz.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

The Gili Islands: A Community Earthquake Recovery Effort

Joseph Cederwall travelled to the Gili Islands in October 2018 to talk to locals about their experiences of the event and witness the impact and the rebuild efforts on this unique ecotourism destination.

2018 was a difficult year for the Indonesian archipelago. This chain of fragile and largely low-lying islands is situated on a particularly unstable segment of the Pacific rim of fire. Last year the islands were hit by a series of devastating natural events including a series of Lombok, Sulawesi and Java based earthquakes and resultant tsunamis.More>>

 
 

DHBs "Prepared": Junior Doctors Strike Tuesday, Wednesday

The needs of acute patients will be met during tomorrow's junior doctor strike, a DHB spokesperson says... Almost 3000 junior doctors are expected to walk off the job, which will affect all DHBs apart from West Coast District Health Board. More>>

ALSO:

Gordon Campbell: On MBIE’s Social Media Scam

Given the ambit of MBIE’s work, almost any form of social activity could qualify as being part of MBIE’s brief, so the privacy threats posed by this training programme are extensive. The current oversight safeguards seem threadbare to non-existent. More>>

ALSO:

JusTrade: New Campaign For A 21th Century Trade Agenda

‘Critique is no longer enough. If anything is to really change, we need to step away from the existing framework and take a first-principles approach to rethinking what will work for the 21st century.’ More>>

Earlier:

Gordon Campbell: Thompson + Clark Are The Tip Of The Iceberg

How can we tell where and how any lines are being drawn? Oversight is not exactly robust. If it were, Thompson + Clark would have been out of contention for state security work ten years ago. More>>

Trainers: Taratahi Institute of Agriculture In Interim Liquidation

Taratahi employ 250 staff and this year has provided education to over 2500 students. Taratahi owns and manages 8 farms throughout the country. More>>

ALSO:

IPCA Report: Complaints About Deputy Commissioner Wallace Haumaha

The Authority has found that DC Haumaha acted improperly by approaching staff and others to provide information to support him to refute the allegations about his 2016 conduct, or solicited other staff to do so on his behalf... More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels