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ACT Leader Welcomes Moves To Introduce Competition To ACC
ACT Leader Welcomes Moves To Introduce Competition To ACC
ACT Leader Rodney Hide today welcomed the release of the Stocktake Report and Financial Condition Report on ACC and the agreement in principle by the Government to provide employers with competition and choice in purchasing workplace insurance.
“This decision reflects the September 2009 agreement reached between ACT and National to work towards opening the ACC 'Work Account' to competition,” said Mr Hide.
“The Stocktake Report
concluded that competitive private delivery of the ACC
scheme is necessary to improve the financial performance of
ACC, provide better incentives to reduce accident rates, and
remove the risk from employers and other levy payers of
further levies in future to meet the costs of unfunded
liabilities.
"The case for competition is overwhelming
and it is pleasing to see that progress is being made,”
said Mr Hide.
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