Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Government back setting ACC premiums; inflationary

The Government’s setting of ACC premiums higher than needed to cover workplace accident costs demonstrates already the manipulation its scheme is prone to, the Employers and Manufacturers Association says.

“By telling the ACC to set the new premium rate at $1.16 per $100 on average, or 9.4 per cent higher than the $1.06 that ACC said it could do the job, the Government is extracting an element of payroll tax and should be honest enough to call it that, “ said Alasdair Thompson, EMA’s Chief Executive.

“The tax is also inflationary as organisations will seek to recover it by raising prices and charges.

“Though the Government would argue it is being prudent by building a buffer of this type into its costs, by doing so it shows it is in agreement with the NZ Institute of Economic Research report which earlier questioned the accuracy of ACC’s own figures.

“Furthermore, our information from private insurers is that employers have been so successful in lowering their accident and improving rehabilitation performance that private insurers had indicated they would be lowering their premiums by 10 to 15 percent, to between $1.02 and 1.08 per $100 of premium, and even more in some cases.

“Neither can ACC claim the success as theirs in managing down the ‘tail’. Without constant pressure from employers, the ACC would still not have addressed the issue; reducing the tail to 40 cents per $100 down from 67 cents is only a start.

“However we foresee the day when the figure will rise again as the ACC’s record in managing rorts has been not been good.”

Further Comment: Alasdair Thompson tel 09 367 0911 (bus)
09 303 3951 (hme)
025 982 024 (mob)

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced


Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>


Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>


Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>


Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>


Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>


Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>




Featured InfoPages

Opening the Election