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

 


Reduced ACC levies recommended, ignored

Andrew
LITTLE
ACC Spokesperson

17 December 2013 MEDIA STATEMENT
Reduced ACC levies recommended, ignored
The Government had a chance to give businesses and workers a break by reducing ACC levies this year, but chose not to as part of its desperate bid to achieve its much-hyped 2015 budget surplus, Labour’s ACC spokesperson Andrew Little says

“The Government has set levies higher than both ACC and the Ministry of Business, Innovation and Employment recommended, saying any reductions would have a direct impact on the Crown’s operating balance.

“ACC and MoBIE advised that even with a reduction in ACC levies of up to 17 per cent the corporation would still be squirrelling money away for future liabilities.

“A reduction along these lines would mean an extra $125 in the hands of someone on the average wage and goodness knows how much for businesses.

“Yet despite the fact that the costs of accidents are falling, ACC already produces surpluses in the billions and the corporation has over $25 billion in assets, levies for businesses, workers and motor vehicle owners will remain unchanged from last year

“That will see the corporation net a nice little nest egg - $5.5 billion more than it needs to fund long term liabilities – courtesy of Kiwi taxpayers.

“The Government has been telling New Zealanders that it has to be financially sensible in tight economic times. Imposing a bigger than necessary ACC cost on homes and businesses is hardly allowing them to be similarly prudent.

“The whole exercise is classic smoke and mirrors. It’s about the Government giving the appearance that it can achieve a surplus by hiking petrol levies and, now, ACC levies.

“Higher than necessary ACC levies will have little effect on a real Government surplus, however, because they can only be spent on accidents and injury prevention.”


ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Midwives On Pay Equity: Historic Bill Of Rights Case For High Court

“We have been left with no choice.” That from Karen Guilliland, the Chief Executive of the New Zealand College of Midwives, as the organisation prepares to file a pay parity discrimination case on the basis of gender under the NZ Bill of Rights Act in the High Court. More>>

ALSO:

Gordon Campbell: On The Children’s Commission Report On CYF

Accusing the overworked and underfunded staff at Child, Youth and Family of a “dump and run culture of neglect” is the kind of luxury that a Children’s Commissioner can afford to indulge in from his own comfy perch in the bureaucracy. More>>

ALSO:

Mt Eden Prison: Serco Inquiry Extended

A two month delay to the Government investigation into prison fight clubs shows the extent of problems within the Serco circus, says Labour’s Corrections spokesperson Kelvin Davis. More>>

ALSO:

Health And Safety: Late Addition Of National Security Provisions A Concern

The New Zealand Law Society has expressed its significant concerns at the last-minute addition to the Health and Safety Reform Bill of provisions for a closed material procedure for court proceedings where national security is involved. More>>

ALSO:

Rugby And Beer: World Cup Alcohol Bill Passes

ACT MP David Seymour’s Sale and Supply of Alcohol (Extended licensing hours during Rugby World Cup) Bill completed its third reading by 99 to 21... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news