Parliament

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

 

New ACC levies provide ongoing stability

18 December 2002 Media Statement

New ACC levies provide ongoing stability

Average composite ACC levies for employers, self-employed and earners will remain the same or decrease for 2003/2004, ACC Minister Ruth Dyson said today.

Announcing the 2003/2004 levies, Ms Dyson said the average composite employers’ levy would decrease from $1.25 to $1.21 per $100 payroll, while the average composite self-employed and earners’ levies would remain at $3.30 and $1.20 respectively, per $100 liable earnings.

“The new levies will provide ongoing stability for businesses so that they can plan ahead with certainty. At the same time, they will enable ACC to carry on with its strong injury prevention focus, and provision of effective rehabilitation and fair compensation for people who are injured.”

Ruth Dyson said the motor vehicle levy would increase by 25 per cent, from $169.67 to $211.95

“The increase is primarily to cover better estimations by ACC of long-term costs of rehabilitation and treatment for seriously injured claimants. It will be funded through an increase in excise duty on petrol from 2.3 cents to 5.08 cents a litre. For the average motorist, this represents an extra $41.61 a year in petrol costs.”

Ms Dyson said it was fairer to increase petrol duty than the other source of the ACC motor vehicle levy, a portion of the annual vehicle licence fee.

“The more you drive, the more likely you are to be injured. Petrol usage is the most accurate indicator of the amount of time a motorist spends on the road and is therefore the fairest indication of exposure to risk.”

Ruth Dyson said ACC levies were low compared with overseas premium rates, including those in Australia.

“In July 2002, Australian motor vehicle premium rates, averaged across all states, were $A325 ($NZ355) a year for third party injury only. This is more than twice as much as the current ACC motor vehicle levy of $NZ169.67 which covers all injuries in motor vehicle crashes.”

Ms Dyson said while ACC’s average employer and self-employed levies were stable, many businesses overseas were facing premium increases of up to 500 per cent.

“The ACC scheme has cushioned New Zealanders against the impact of world-wide hikes in premiums which have resulted partly from the fall-out from September 11th and the failure of private workplace insurers like HIH in Australia.

“It is useful to note that HIH provided 25 per cent of workplace cover in New Zealand during ACC’s period of privatisation under the National Government.”

The new ACC levies come into effect on 1 April 2003, with the exception of the motor vehicle levy which comes into effect on 1 July 2003.


A background paper explaining the ACC levies in more detail is attached.


The new levies by industry classification will be available in the ‘products and levies’ section of ACC’s website: acc.co.nz/productslevies from 6pm, 18 December 2002.

ENDS


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Reaction

Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced

 

Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>

ALSO:


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election