✨ ACC Premium and Levy Consultation
2520
NEW ZEALAND GAZETTE
No. 97
Motor Vehicle Account
The ACC portion of the annual motor vehicle licence fee is proposed to increase by 13% to $145.00 per standard vehicle (currently $128.45). This increase is due to the increased number and costs of motor vehicle injuries and the additional changes in entitlements in the Bill.
The ACC Board is also proposing that:
- certain previously exempt vehicles (i.e. ambulances, fire service vehicles and hearses) be charged a premium for 2002/03;
- non-petrol powered vehicles (e.g. diesel vehicles) pay an additional premium equivalent to the petrol excise duty currently paid by users of petrol powered vehicles; and
- motor cycle premium differential be increased from 105% to 150% of the standard vehicle rate to reflect the higher costs of injuries to motorcyclists.
Residual Claims Account
This levy funds the ongoing costs of injuries that occurred prior to 1 July 1999. It is proposed that the average residual claim levy remains at $0.35c per $100 of earnings.
Changes in the scope and range of entitlements incorporated in the Bill have minimal impact on this Account.
Summary
The proposals can be summarised as follows:
| Account | Premium Current 2001/02 | Premium Proposed 2002/03 | Levy Current 2001/02 | Levy Proposed 2002/03 | Proposed Changes |
|---|---|---|---|---|---|
| Employers’ | $0.85 | $0.76 | 6 | 6 | –11% |
| Self-employed Work | $1.35 | $1.69 | 6 | 6 | +25% |
| Earners’ | $0.93 | $0.95 | $0.05 | $0.03 | 0% |
| Motor Vehicle | $65.80 | $79.00 | $62.65 | $66.00 | +13% |
| Residual Claims | 6 | 6 | $0.35 | $0.35 | 0% |
All premiums and levies quoted are exclusive of G.S.T. (The Earners’ Account rates have been rounded).
Full details of the premium and levy rates have been set out in discussion papers (which include the proposed regulations). Copies of the discussion papers and the actuarial assessments are available by contacting ACC on telephone (04) 918 7923, email consultation@acc.co.nz or by writing to:
Premium and Levy Consultation, ACC, P.O. Box 242, Wellington.
Copies of the discussion papers are also available from ACC’s web site:
www.acc.co.nz
Submissions must be in writing and received by ACC no later than 5.00 p.m. on Thursday, 20 September 2001.
ACC Consultation Briefings
ACC is also hosting a series of briefings on the proposed rates. All premium payers are welcomed to attend. The venues and dates for these briefings are as follows:
AUCKLAND – Albany
Date: Thursday, 23 August 2001
Time: 9.00 a.m. to 10.30 a.m.
Venue: North Shore Events Centre, Silverfield (off Porana Road), Glenfield.
AUCKLAND – Manukau
Date: Friday, 24 August 2001
Time: 9.00 a.m. to 10.30 a.m.
Venue: Lakeside Convention Centre, Montgomerie Road, Airport Oaks, Auckland International Airport.
HAMILTON
Date: Monday, 27 August 2001
Time: 9.00 a.m. to 10.30 a.m.
Venue: Novotel Tainui, 7 Alama Street.
WELLINGTON
Date: Thursday, 23 August 2001
Time: 9.00 a.m. to 10.30 a.m.
Venue: James Cook Centre / Hotel Grand Chancellor, 153 The Terrace.
CHRISTCHURCH
Date: Friday, 24 August 2001
Time: 9.00 a.m. to 10.30 a.m.
Venue: Rydges Hotel, corner of Oxford Terrace and Worcester Street.
DUNEDIN
Date: Monday, 27 August 2001
Time: 9.00 a.m. to 10.30 a.m.
Venue: Southern Cross Hotel, corner of Princes and High Streets.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 97
Gazette.govt.nz —
NZ Gazette 2001, No 97
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Consultation on Proposed 2002/03 ACC Premium and Levy Rates
(continued from previous page)
🏥 Health & Social WelfareAccident Compensation Corporation, Premiums, Levies, Employers' Account, Self-employed Work Account, Earners' Account, Motor Vehicle Account, Residual Claims Account, Consultation, Briefings