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


How much did National get for its ACC policy?

1 September 2005

How much did National get for its ACC privatisation policy?

Helen Clark today challenged the National Party to say how much of Dr Brash’s $3.5 million war chest target came from the insurance industry.

“A leaked memo from the Insurance Council to its members makes it clear that details of National’s policy to privatise ACC have been deliberately withheld from the public after consultation with the Insurance Council.

“National’s policy opens up to the insurance industry ACC’s levy business of more than $2 billion. That’s all the ACC’s levy business except the non-earner account.

“National’s privatised ACC policy is a huge gift to the insurance industry. It defies credibility to believe that this bonanza, details of which are being withheld, has not attracted big donations to the National Party.

“National must now disclose how much it has received in return for these policies.

“Some indication of what is hidden in the details of the policy is disclosed in the comments from the chief executive of the Insurance Council, Chris Ryan, to the New Zealand Herald today.

“When asked what had been removed from the policy, Mr Ryan says “my understanding would be, how far the privatisation would go, whether you would have an independent disputes tribunal, what role the ACC would take, whether there would be a Crown entity player like last time…what your time frame would be.”

Helen Clark said that last time National set out to privatise ACC, it kept a state corporation, @Work Insurance, to compete with the private sector.

“At the time that Labour was elected in 1999, @Work Insurance was competing successfully and had retained a lot of business.

“This must have been galling to the insurance industry. It seems highly likely now that National’s more extreme policy for the 2005 election involves having no government-owned accident compensation provider for the accounts which it is opening up to competition.

“In other words the secret detail withheld from the public is the total privatisation of ACC except for the non-earner account.

Helen Clark said that two critical issues are at stake here:

“They are (1) privatised accident compensation would result in higher levies and less comprehensive cover for injured people, and (2), the extent to which National is prepared to sell its policies in return for campaign donations, which – like the full implications of its policy – it will not disclose.

“In the national interest, the National Party must come clean now,” Helen Clark said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: on the inquiry into the abuse of children in care

Apparently, PM Jacinda Ardern has chosen to exclude faith-based institutions from the government’s promised inquiry into the abuse of children in state care.

Any role for religious institutions – eg the Catholic Church – would be only to observe and to learn from any revelations that arise from the inquiry’s self-limiting focus on state-run institutions… More


Gordon Campbell: On Jim Anderton
For anyone born after 1975, it is hard to grasp just how important a figure Jim Anderton was, for an entire generation.
During the mid to late 1980s, Anderton was the only significant public figure of resistance to the Labour government’s headlong embrace of Thatcherism...More>>


Gong Time: New Year's Honours List

Jacinda Ardern today congratulated the 179 New Zealanders named on the 2018 New Year’s Honours List.

“Although this list was compiled and completed by the last government, it is a pleasure to welcome in the New Year by recognising exceptional New Zealanders,” Jacinda Ardern said.

“As an Aunty, I love reading books to my nieces, so it’s lovely to congratulate Joy Cowley, who is made a member of the Order of New Zealand today....More
Full list

Roads: National launches bid to save highway projects

The National Party has launched a series of petitions aimed at saving regional highway projects at risk because of the Government’s obsession with Auckland trams…More>>


Medical Cannabis: Bill Introduced to “ease suffering”

Health Minister Dr David Clark says making medicinal cannabis more readily available will help relieve the suffering of people who are dying in pain More>>


Campbell: On The Quest For Zero Net Carbon Emissions
Some would querulously ask, zero net carbon emissions by 2050 – while others would say, why not?


CPAG Report: The Further Fraying Of The Welfare Safety Net

New Zealand’s welfare system has undergone a major transformation during the past three decades. This process has seriously thwarted the original intent of the system, which was to provide a decent standard of living for all New Zealanders in times of need... More>>





Featured InfoPages