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Libz: Put ACC Into Liquidation

Press Release
For Immediate Release
Accident Insurance

Libz: Put ACC Into Liquidation

“In the wake of catastrophic multi-billion dollar losses, ACC should be put into liquidation, and the accident insurance market privatised,” said Libertarianz leader Richard McGrath.

“Proposed rises in the ACC levy of 50% or more are outrageous. The National Party said before the last election they would give New Zealanders tax relief. But self-employed people now face a 1.5% increase in taxation on their income, thanks to ACC’s ability to coerce people into buying their insurance at whatever price ACC sets - a privilege not granted to private insurers.”

Richard McGrath said his party would dissolve ACC and allow New Zealanders to choose their own accident insurance provider. “Competition in this market will weed out the incompetent players such as ACC, and remove political influence on insurance providers.”

“The National Party obviously have no qualms about raising taxes, despite their rhetoric during the last election campaign. Only one political party in this country is serious about cutting government spending so that personal taxation can be slashed to the bone. The Libertarianz Party stands for small government, low taxes, freedom with responsibility, and tolerance.”

Libertarianz: More Freedom, Less Government
www.libertarianz.org.nz

ENDS

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