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

 


National’s Disaster Plan To Reprivatise ACC

21 May 2002

New Zealanders would be exposed to huge financial risk under National’s plans to reprivatise ACC.

ACC Minister Lianne Dalziel said ACC under this government provides New Zealanders with good protection from the premium hikes faced by other countries.

“National’s proposal to return ACC to privatisation, strikes me as ideology triumphing over common sense. This government’s decision to bring the ACC workplace account back under the control of ACC has protected New Zealand from the financial impacts of September 11.”

Lianne Dalziel also commented on last year’s collapse of HIH Insurance in Australia – the same company that provided 40 per cent of work place cover in New Zealand during ACC’s period of privatisation under National.

“If we had not acted when we did, New Zealand would have suffered the results of the HIH collapse. The privatisation mantra provides no assurance against worldwide increase in private insurance premiums and the pressures placed on all insurers by the events of September 11.

“The collapse of HIH is only one example of the inability to spread risk which is what our ACC system does so effectively now. Australian commentators are suggesting a 24-hour no-fault scheme such as the one which works successfully in New Zealand.

“The recent collapse of Australian medical insurer United Medical Protection and the $3.8 million court-awarded compensation to an Australian who was left quadraplegic after diving into a beach sand bar when swimming between flags highlight the importance of a comprehensive scheme for accident cover. The only ones to win from a litigation-dependent compensation system, are the lawyers.

“The big losers are local and central government, the organisations and individuals with insurance to cover the increasing payouts. The other losers are those who cannot find anyone to sue. If this Australian dived into a swimming pool at home there would be no liability and no payout.

“In addition, ACC under this government has been able to reduce average rates for accident compensation from $1.20 per $100 of payroll under privatisation, to 90 cents per $100 of payroll under the current scheme.

“National’s plans to privatise ACC, will expose New Zealanders to the unfortunate events as seen in Australia recently.”

Ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news