Parliament

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

 

Budget indicates room for further ACC levy cuts

Budget indicates room for further ACC levy cuts

Budget 2014 indicates the Accident Compensation Corporation is on track to provide further levy cuts for New Zealanders of around $480 million in 2015/16, following more pleasing results over the past year, ACC Minister Judith Collins says.

“The Government will make its final decision after ACC’s public consultation, but we anticipate the bulk of these cuts will be for motor vehicle levies, along with the possibility of a levy reduction for employers and the self-employed.”

Depending on the outcome of consultation, this could reduce the average levy for a private motor vehicle by about $130 a year from 1 July 2015.

“ACC’s consistent performance has meant that annual levies for households and businesses have fallen by close to $1 billion since 2011/12,” Ms Collins says.

“The Government remains confident that a decrease in ACC levies next year is sustainable and, as a result, we are indicating a possible reduction in the cost of levies to New Zealanders of around $480 million in 2015/16.

“ACC continues to improve its financial situation, transforming the way it supports injured New Zealanders back to independence and building on its investment returns.”

The Government will also make decisions later this year about the levy-setting process and its underlying principles, so that levies remain sustainable and provide some constancy for households and businesses in the longer term, Ms Collins says.

“It’s important we ensure levies are set in a manner that is not only fair but also sustainable and maintains ACC’s ability to fund entitlements in the future.”

The Minister cautioned that final decisions on the levy rates will not be made until the results of the public consultation by ACC have been considered.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Fallout From The Barclay Tape

This is hardly a case of cleaning out your desk and being turfed out onto the pavement.

As others have pointed out, the disgraced Clutha-Southland MP will remain on the public payroll for three months until the election, and for three months afterwards. More>>

 

Ombudsman: Canterbury Schools Reorganisation Mishandled

An investigation into the Canterbury schools reorganisation after the February 2011 earthquakes has found significant gaps and flaws in the Ministry’s engagement and communications with schools and communities. More>>

ALSO:

Law Commission: Contempt Report "Protects Right To Fair Trial"

The proposed Act limits what news media representatives and bloggers can report on court proceedings, but it also makes clearer than the current law where the line is between contempt and freedom of expression. More>>

ALSO:

Gordon Campbell: On Our Refugee Intake (And Uber’s Woes)

On figures released this week, there are currently 65.6 million people worldwide who have been displaced from their homes by war, famine or other external causes… More>>

ALSO:

IGIS Report: GCSB Support For Groser WTO Bid Not Illegal

“The inquiry has found that the GCSB did not act unlawfully or improperly in providing assistance to the New Zealand government campaign”, Ms Gwyn said. More>>

ALSO:

PM's Press Conference: Pike And Houses

There were questions on Pike River mine re-entry after new video from inside the drift was released over the weekend. English maintained a human effort would not be feasible irrespective of any future coalition demands from NZ First. He said the government would continue to work with families on non-manned re-entry. More>>

ALSO:

Flogging A Dead Horse: NZ First Seeks New s59 Referendum

10 years on from the so called “anti-smacking” law - NZ First calls for a binding referendum. NZ First MP Tracey Martin told TVNZ’s Q+A programme that the law change has had a “chilling effect” on NZ parents including herself. More>>

ALSO:

Always Interesting: Internet Party Has New Leader

The Internet Party has a new leader: Suzie Dawson... She currently resides in Moscow, Russia, where she has applied for temporary asylum due to severe persecution she reports being subjected to by those whose corruption she worked to expose.More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election
 
 
 
  • PublicAddress
  • Pundit
  • Kiwiblog