Parliament

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

 

Another Air New Zealand

Another Air New Zealand

Thursday, September 20 2001 Richard Prebble Press Releases -- ACC


The massive $852 million loss by ACC is another Air New Zealand, said ACT Leader Richard Prebble.

"The true losses of ACC are not just the deficit of $313 million, but also the $539 million loss that ACC made in underwriting that will have to be paid for.

"The Labour Government has already decided to push the loss onto the motorist with a $20 increase in premiums and onto small business with a 25 percent increase on ACC premiums for the self-employed. Emergency services like ambulances and the fire service face a significant increase.

"This is a major corporate failure and the biggest by a state entity ever.

"The Government must take full responsibility. Business and the ACT party warned the Government that renationalising ACC would create a monopoly and great risk.

"The private sector had promised a further 20 percent reduction in premiums this year and instead we not only see an increase in premiums but ACC has not performed in rehabilitating those injured by accidents ' a human tragedy.

"A sign of this Government's lack of business knowledge is a statement by the Minister in Charge of ACC, Lianne Dalziel, who describes this loss as 'a good performance'.

"I believe the Minister can't read a balance sheet. What the Government should do is admit they have made a billion dollar mistake and reintroduce competition and choice into personal accident injury insurance," Richard Prebble said.

ACT's Finance Spokesman Rodney Hide said the loss is so great that ACC will have to be revalued, turning the Government's projected surplus into a deficit. "Dr Cullen does not have the surpluses he thought this morning were available to finance an increased programme of public works. This loss is so large it will affect the whole economy and every New Zealander," Mr Hide said.

For more information visit ACT online at http://www.act.org.nz or contact the ACT Parliamentary Office at act@parliament.govt.nz.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Fate Of Julian Assange


Has swapping Scott Morrison for Anthony Albanese made any discernible difference to Australia’s relations with the US, China, the Pacific and New Zealand? Not so far. For example: Albanese has asked for more time to “consider” his response to New Zealand’s long running complaints about the so called “501” deportations back to this country. Really? He needs more time to figure out a response? OK, but the clock is ticking.
The Julian Assange situation is a lot more urgent. Assange’s deportation to the United States has now been okayed by the British courts and also - crucially – by its government. At any moment, Assange could be on a plane and headed for a US prison. He is facing the prospect of 175 years in jail...
More>>



 
 


Parliament: Grounds Fully Reopened

Parliament’s grounds have been fully reopened today at a ceremony and community event with mana whenua, members of the public, and representatives of Parliament... More>>


Chris Hipkins: Statement On Charlotte Bellis

On 31 January I released a statement regarding Charlotte Bellis and her MIQ application. I stated that emergency allocation criteria includes a requirement to travel to New Zealand within the next 14 days... More>>



Government: Prime Minister To Travel To Europe And Australia

Prime Minister Jacinda Ardern will leave this weekend to travel to Europe and Australia for a range of trade, tourism and foreign policy events... More>>

ALSO:



National: Goodfellow To Retire As Party President
Peter Goodfellow today announced he will not seek re-election as President of the National Party at its Annual Conference. Mr Goodfellow will remain as a director on the board for one final term to assist in the transition... More>>

Police: Parliament Occupation Investigators Seek Public Assistance
Police investigating criminal activity on the final day of the occupation at Parliament grounds earlier this year are appealing for the public’s help to identify 15 people... More>>

World Vision: New Zealand Urged To Meet Quota As New Report Finds Hunger, Violence, And Death Rates Increase For Refugees
World Vision is calling for New Zealand to work harder to meet its refugee quota in the wake of a new report which shows that life has deteriorated significantly in the past two years for refugees in 11 hard-hit countries... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels