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:

Gordon Campbell: The PM’s Hair-Pulling Power Trip

There have been striking differences between (a) the account of the waitress involved in the hair-pulling incidents, and (b) the account being given by Prime Minister John Key. The version by the waitress is available here and is recommended to anyone yet to read it. By her account, there were multiple instances of hair-pulling and these persisted and persisted long after she had made her annoyance clear to Key – who had also been advised by his wife, and by other café staff that the behavior was evidently not being welcomed. More>>

ALSO:

War: What’s To Commemorate?

Gordon Campbell in Werewolf: Is there anything that can be validly commemorated on this 100th anniversary of Gallipoli? Beyond, that is, a fleeting sense of empathy with the thousands of soldiers killed or wounded on April 25 1915 and in the months thereafter, until the whole thing was finally called off in December 1915. More>>

MORE IN WEREWOLF:

ALSO:

Peter Ellis Case: Minister Declines Request For Commission Of Inquiry

Justice Minister Amy Adams has declined a request from supporters of Peter Ellis for a Commission of Inquiry on the basis that an inquiry cannot be used to determine the liability of any person. More>>

Quakes: New Process For Red Zone Crown Offers

Canterbury Earthquake Recovery Minister Gerry Brownlee has announced a process to give everyone a say on the Crown offers to owners of vacant, commercial/industrial and uninsured properties in the Residential Red Zone. More>>

ALSO:

Gordon Campbell: On The Battle Obama Is Waging Over The TPP

For the past two and a half years, this column has been arguing that the fate of the Trans Pacific Partnership (TPP) deal will hinge on whether US President Barack Obama can win Trade Promotion Authority (TPA) from Congress... Last week, the White House finally, finally unveiled a draft TPA Bill. More>>

ALSO:

Greens: Govt Breaks Free Doctors Visit Promise To Kids

Documents obtained by the Green Party show that the Government decided to fund only 90 percent of doctors’ visits for children suffering from an injury in an attempt trim the cost of the so-called “free” visits. More>>

ALSO:

Other Wars: Extension Of NZDF Commitment In Afghanistan

The New Zealand Defence Force’s commitment of mentors and support staff to the Afghan National Army Officer Academy in Afghanistan has been extended out to December 2016, Defence Minister Gerry Brownlee says. More>>

PM's Press Conference: Auckland Property Prices Increasing "Too Rapidly"

John Key accepted that Auckland property prices 'are going up too rapidly” in a press conference held today in Wellington, however he said that this is not anything new. More>>

ALSO:

Press Conference: ANZAC PMs Concerned About ISIL Bringing The War Home

Prime Minister Key and Prime Minister Abbott spoke of the bond formed between Australia and New Zealand in the “baptism of fire” of Gallipoli. Abbott stated that New Zealand and Australia’s values and interests are linked, and this is reflected in the joint operation in Iraq which will begin shortly. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news