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

 

ACC Announces Proposed Changes to Levies

ACC today released its proposed changes to levies as part of the biannual levy setting process.

Members of the public are invited to provide feedback to the ACC Board on the proposed changes before the Board makes its final recommendations to the ACC Minister for a decision, says ACC Board Chair Dame Paula Rebstock.

The proposed changes for the 2019-2021 levy period include:

• Decreasing the average work account levy for employers from $0.72 to $0.67 (a 6.9 per cent decrease) for every $100 of liable earnings.

• Increasing the earners’ levy for workers from $1.21 to $1.24 (a 2.5 per cent increase) for every $100 of liable earnings.

• Increasing the average motor vehicle levy for road users from $113.94 to $127.68 (a 12.1 per cent increase), which includes a proposed increase of 1.9 cents per litre for petrol.

“Since we last adjusted levies in 2016, the number of claims for injuries have grown by 6.4 per cent, with more people than ever needing our support,” says Dame Paula Rebstock.

“Experience tells us that during times of economic growth such as we have experienced over the last few years, people tend to lead more active lives, exposing themselves to greater risk. New Zealand’s population is also growing and ageing.

“Pressures on costs includes increasing medical costs; increased costs for care and support workers resulting from the pay equity settlement agreed by Government; the introduction of free doctor visits for under 14s, and increases in weekly compensation claims.

“In addition, the impact of lower interest rates on our investments, and higher inflation forecasts, will have a significant influence on future costs. These factors need to be reflected in the levy rates now to ensure that we can support our clients’ needs throughout their lifetime.

“Despite the cost pressures, our investment in injury prevention and ongoing changes to the way we work are having a positive impact. Over the past two years we have also achieved higher investment returns than forecast.

“This is helping us to manage increasing costs, and, with the exception of the motor vehicle account which is slightly higher than anticipated, we have kept levies from increasing as much as we had thought in 2016,” says Dame Paula Rebstock.

ACC is taking the consultation process around New Zealand with a roadshow featuring a “Ask the Nation Station” that will visit nine towns and cities during the next four weeks. Members of the public will be able to use the station to find out more about the proposed changes to levies, and to make a submission.

People can find out more details, and provide their feedback, on the consultation website www.shapeyouracc.co.nz. Consultation runs from 27 September to 25 October.

ENDS


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Our Unreal Optimism About The Economic Impact Of Coronavirus

At this week’s Chinese New Year celebrations, PM Jacinda Ardern was resolutely upbeat that business with China would soon bounce back to normal – better than ever, even - once the coronavirus epidemic has been brought under control. To Ardern, the adversity has only accentuated just how close we are to Beijing Nothing wrong with being upbeat, if it can calm the nerves and turn business sentiment into a self-fulfilling prophecy. The problems begin when the optimism detaches itself from reality. What has been very odd so far about the coronavirus episode is that global share markets – normally spooked by mere sneezes or sniffles in the world’s major economies - have continued to be fairly positive, even as the epidemic has unfolded... More>>

First Published on Werewolf here


 

Gordon Campbell: On The Political Donations Scandals
Even paranoids have real enemies. While there has been something delusionary about the way New Zealand First has been living in denial about its donations scandal, one can sympathise with its indignation about Paula Bennett and Simon Bridges being among its chief accusers. More>>

ALSO:

UN Expert: NZ Housing Crisis Requires Bold Human Rights Response

This is a press statement from UN Special Rapporteur on the right to housing at the end of her 10-day visit to New Zealand. The Government of New Zealand has recognized that the country is facing a housing crisis, said Leilani Farha, UN Special Rapporteur ... More>>

ALSO:

2020 And Beyond: National’s Economic Plan

National Leader Simon Bridges has today outlined National’s economic plan heading into election 2020. “National understands the economy and how it impacts on New Zealanders day to day lives... More>>

ALSO:

Abortion Legislation Committee: Abortion Bill Report Presented To The House

The Abortion Legislation Committee has presented its report on the Abortion Legislation Bill to the House. A copy of the report is available here. The bill seeks to have abortion services provided like other health services... More>>

ALSO:


Auditor-General's Report : Water Management

The Auditor-General’s report Reflecting on our work about water management was presented to the House of Representatives today. Over the last two years we have been looking at how well public organisations are carrying out their water management ... More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels