Parliament

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

 

Farmers’ levies reflect high cost of injuries


Farmers’ levies reflect high cost of injuries

The high cost of injuries to self-employed farmers, a decline in the pool of liable earnings for livestock farming, and falling long-term interest rates are behind the increase in ACC levies for this group for 2005/2006, ACC Minister Ruth Dyson said today.

“ACC levies are calculated on an industry basis, based on the cost of injuries and total pool of earnings for that industry. Although farmers have been working with ACC to improve farm safety, their injury rate is nearly double the average for all industries combined.

“At the same time, the pool of liable earnings for livestock farming has decreased since 2002 from $2 billion to $1.5 billion, reflecting a fall in farmers’ incomes and a declining number of farmers in the self-employed category.”

Ruth Dyson said the new levies had also been influenced by less favourable long-term interest rates, on which ACC's long-term liability and expectations of future investment earnings were based.

“Long–term interest rates declined from 6.5 per cent to 6.2 per cent between March and September 2004, leading to a difference between the self-employed levy rates on which ACC consulted, and the final rates.”

Ruth Dyson said the levy for farmers who came under ACC’s employers’ (rather than self-employed) account would remain stable next year.

“National separated employers and self-employed into separate accounts for the purpose of calculating ACC levies, with the intention of privatising the scheme. However, the significant gap in levies between people who are doing the same job but who have a different business structure is not sustainable. I have initiated policy work in this area and welcome the views of the farming community.”

Ruth Dyson said ACC’s farmer levies compared favourably with those overseas.

“In Australia, where a private market has operated, levy rates for farmers - as for most occupations - are around twice that of New Zealand’s, according to the Australian government’s annual report comparing the two markets.”

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Lessons From Australia’s Election


Australia’s new PM Anthony Albanese faces an obvious dilemma, barely before he gets his feet under the desk. Australia is the world’s leading exporter of coal. Will the new Labor government prioritise the jobs for Queensland/NSW workers in its mining-dependent communities - or will Labor start to get serious about climate change, and risk the inevitable political backlash from making a major shift into renewables..?
More>>



 
 

Government: New Zealand To Stay At Orange For Now
With New Zealand expecting to see Omicron cases rise during the winter, the Orange setting remains appropriate for managing this stage of the outbreak, COVID-19 Response Minister Chris Hipkins said today... More>>

Australian Election: Prime Minister Congratulates Anthony Albanese
Prime Minister Jacinda Ardern has congratulated Anthony Albanese and the Australian Labor Party on winning the Australian Federal election, and has acknowledged outgoing Prime Minister Scott Morrison... More>>

Government: Helps Supermarket Shoppers Get A Fair Deal
Urgent Budget night legislation to stop major supermarkets blocking competitors from accessing land for new stores has been introduced today, Minister of Commerce and Consumer Affairs Dr David Clark said... More>>


Government: Independent Panel Appointed To Review Electoral Law
Justice Minister Kris Faafoi today announced appointments to the independent panel that will lead a review of New Zealand’s electoral law. “This panel, appointed by an independent panel of experts... More>>


Trade: Prime Minister To Visit United States
Prime Minister Jacinda Ardern is leading a trade mission to the United States this week as part of the Government’s reconnection strategy to support export growth and the return of tourists post COVID-19... More>>


National: Jacqui Dean To Retire From Parliament In 2023

Waitaki MP Jacqui Dean has announced that she will not be seeking re-election at the 2023 election. “I have advised the President and Leader of the National Party that I have decided not to put my name forward... More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels