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

 


Kiwis still paying too much for ACC

Iain LEES-GALLOWAY

ACC Spokesperson
21 April 2014
MEDIA STATEMENT

Kiwis still paying too much for ACC

Kiwis are still paying too much for ACC so that the National Government can balance its books, Labour’s ACC spokesperson Iain Lees-Galloway says.

“ACC Minister Judith Collins told Cabinet levies were too high but ACC’s proposed cuts would impact the Government’s plans to return to surplus, a key aim of the upcoming budget.

“In a Cabinet paper outlining the options, Judith Collins ordered more modest cuts, noting ‘reductions to ACC levies impact on the Government’s fiscal strategy to balance the books’.

“Labour has repeatedly pointed out that ACC levies are too high and the only reason National is keeping them so high is to help it reach a surplus in the coming financial year. It appears Judith Collins agrees with us.

“Even under ACC’s proposals, the levy demand is excessive. The Work Account funded by the employers’ levy is forecast to be nearly 140 per cent funded, while the Earners’ Account funded by the employees’ levy is forecast to be 130 per cent funded.

“That compares with targets of around 118 per cent for the Work Account and 116 per cent for the Earners’ Account.

“Labour questions why ACC, as a Government-underwritten provider of treatment and compensation, needs such a large excess of funds. ACC is acting like a private insurance company building up a sizable asset that could be very enticing should National ever re-visit its plans to privatise the corporation.

“Under National, ACC has over-charged and under-delivered. It has repeatedly breached privacy and has adopted policies that are unlawful.

“Labour is focussed on restoring faith in ACC’s ability to deliver fair treatment and fair compensation in return for a fair levy,” Iain Lees-Galloway says.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

AMA: Scoop's 'Invisible Paywall'

Operation Chrysalis: The Final Countdown - Thanks & There's Still Time To Pledge

Phew! We are now counting down the hours to the end of this crowd-funding campaign at 11pm on Sunday. Thankyou to all those Scoop readers and supporters who have pledged already. You have been awesome. But this is not over yet. More>>

 
 

PARLIAMENT TODAY:

IPCA Reports: Significant Problems In Police Custody

In releasing two reports today, the Independent Police Conduct Authority has highlighted a number of significant problems with the way in which Police deal with people who are detained in Police cells. More>>

ALSO:

Inspector-General of Intelligence and Security: Inquiry Into GCSB Pacific Allegations

The complaints follow recent public allegations about GCSB activities. The complaints, and these public allegations, raise wider questions regarding the collection, retention and sharing of communications data. More>>

ALSO:

TPPA Investment Leak: "NZ Surrender To US" On Corporates Suing Governments

Professor Jane Kelsey: ‘As anticipated, the deal gives foreign investors from the TPPA countries special rights, and the power to sue the government in private offshore tribunals for massive damages if new laws, or even court decisions, significantly affected their bottom line’. More>>

ALSO:

Werewolf: The Myth Of Steven Joyce

Gordon Campbell: The myth of competence that’s been woven around Steven Joyce – the Key government’s “Minister of Everything” and “Mr Fixit” – has been disseminated from high-rises to hamlets, across the country... More>>

ALSO:

RMTU: No Public Submissions On International Government Procurement Deal

“The government is preparing to assent to the Government Procurement Agreement, a World Trade Organisation Treaty which opens up New Zealand Government contracts to foreign companies and closes the door on local businesses and their workers. However the Foreign Affairs, Defence and Trade Select Committee is refusing to take public submissions on the decision.” More>>

ALSO:

Gordon Campbell:
On Pacific Spying

So New Zealand spied on its friends and allies in the Pacific – and has not only been passing on the results to the NSA, but has apparently passed on the details of the Pacific’s relations with Taiwan to our other best friends, the Chinese. On the side, the Key government has also been using the security services to gauge the chances of Trade Minister Tim Groser landing the top job at the WTO... More>>

ALSO:

State Housing Transfer: Salvation Army Opts Out

The Salvation Army has decided against negotiating with Government for the transfer of Housing New Zealand stock.
More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news