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


Even More Savings For Businesses

"Employers and self-employed people are going to be winners again next year thanks to the changes this Government has introduced to delivery of the ACC scheme," the Minister for Accident Insurance, Murray McCully, said today.

Mr McCully told the House today that ACC would be releasing a consultation document on Thursday on funding the residual claims levy which includes an option that could save employers close to $140 million dollars this coming year.

The residual claims levy is collected from all employers each year to fund the entitlements of people injured at work in the past. This year the average levy is 67 cents per $100 of wages. Last financial year, around $326 million was collected from businesses.

"I have said publicly that I expected the levy to reduce to around 50 cents. As usual, we are under-promising and over-delivering.

"ACC will be consulting on three options for funding the tail, including reducing the levy to an average 39 cents per $100, collecting around $189 million. This is as a result of good performance by ACC in reducing the "tail" of past claims." Mr McCully said.

The consultation documents will be released later this week. ACC will be seeking submissions and will then make a recommendation to the Government on its preferred option.

"If it is decided to go with the 39 cents option, that coupled with the savings that have come about as a result of the introduction of competition to workplace accident insurance, means employers will save at least $340 million over 12 months as a result of this Government's reforms," Mr McCully said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On Reforming Parliament’s Toxic Culture

It would be nice to think Parliament was a forum where rationality ruled – and where policies are raised and evaluated in terms of their contribution to the greater good. Obviously, it isn’t like that... More>>

Historic Assualt Allegation: Parliamentary Service Staff Member Stood Down
Rt Hon Trevor Mallard said today: “I do not want to cut across any employment or possible police investigations, but I am satisfied that the Parliamentary Service has removed a threat to the safety of women working in the Parliamentary complex." More>>


Study: Guidelines Needed To Avoid Risks In Government AI

New Zealand is a world leader in government algorithm use – but measures are needed to guard against their dangers. This is the conclusion of a New Zealand Law Foundation-funded report from the University of Otago’s Artificial Intelligence and Law in New Zealand Project. More>>


Pike River: Families Welcome Opening Of Drift

The group representing 29 of the Pike River Families - the Pike River Family Reference Group - has welcomed the unsealing of the mine at a private family event this morning... More>>


Auckland Harbour Bridge: New Design For Walking And Cycling Crossing

The NZ Transport Agency has released plans for its preferred option for a shared path over the Auckland Harbour Bridge which will transform walking and cycling not only across the harbour, but throughout the city. The Transport Agency says its preferred ... More>>


Shaw First Reading Speech: Climate Change Response Bill

Madam Speaker, today we begin the task of amending the Climate Change Response Act [2002], to fulfil the commitment that we have made, as a country, to limit global warming to no more than 1.5 degrees Celsius above pre-industrial levels. More>>


Housing: More Unsold Kiwibuild Houses Bought By Govt

The Crown underwrite for unsold Kiwibuild homes has been triggered for a second time. Now lack of sales in Mike Greer's development in Canterbury and Auckland means the government has had to buy back seven more homes. More>>


camouflageGordon Campbell: Why We Shouldn’t Genuflect To Security

Reportedly most (and possibly all) of the Royal Commission investigation into the Christchurch mosque shootings will be closed to the general public and to the media… More>>




InfoPages News Channels