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

Charlotte Graham: Empowering Communities To Act In A Disaster

The year of record-breaking natural disasters means that in the US, as in New Zealand, there’s a conversation happening about how best to run the emergency management sector and what philosophies best engage and protect communities in the event of a crisis.

How much of the responsibility for a community’s safety in a natural disaster is the Government’s, and how much can be left up to the community themselves? And how do we ensure none of our most vulnerable residents are left behind? More>>


CPAG Report: The Further Fraying Of The Welfare Safety Net

New Zealand’s welfare system has undergone a major transformation during the past three decades. This process has seriously thwarted the original intent of the system, which was to provide a decent standard of living for all New Zealanders in times of need... More>>


Signage, Rumble Strips, Barriers: Boost For State Highway Road Safety

Boost for road safety this summer Associate Transport Minister Julie Anne Genter today announced a short term boost in road safety funding this summer and signalled a renewed focus from the Government on introducing safer speed limits. More>>


Risks & Adaptation: Cheaper To Cut Emissions Than Deal With Climate Change

The cost of climate change to New Zealand is still unknown, but a group of experts tasked with plugging the country's information gaps says it will likely be significant and it would be cheaper to cut greenhouse emissions than simply adapting to those changes. More>>


BPS HYEFU WYSIWYG: Labour's Budget Plans, Families Package

“Today we are announcing the full details of the Government’s Families Package. This is paid for by rejecting National’s tax cuts and instead targeting spending at those who need it most. It will lift 88,000 children out of poverty by 2021." More>>





Featured InfoPages