New Zealand Gazette – 2003 – No. 146

Page 4087

✨ ACC Levy Recommendations



23 OCTOBER

NEW ZEALAND GAZETTE

4087

Spekreijse pay to the institute the sum of $30,000.00 (plus G.S.T.) in respect of the costs and expenses of the hearing before the disciplinary tribunal and the investigation by the professional conduct committee.

In accordance with Rule 21.35 of the Rules of the Institute of Chartered Accountants of New Zealand, the disciplinary tribunal directed that the decision be published in The Press, the New Zealand Gazette and the Chartered Accountants Journal of New Zealand with mention of the member’s name and locality.

In reaching its decision, the tribunal considered that the penalties must fit with its findings of fact and determination of guilt, however the tribunal noted it was mindful of the professional environment of the member’s former firm and the contribution this had made to his offending.

Right of Appeal

Pursuant to Rule 21.41 of the Rules of the Institute of Chartered Accountants of New Zealand which were in force at the time of the original notice of complaint, the member may, not later than 14 days after the notification of this tribunal to him of the exercise of its powers, appeal in writing to the appeals council of the institute against the decision.

No decision other than the direction as to publicity shall take effect while the member remains entitled to appeal or while any such appeal by the member awaits determination by the appeals council.

Dated this 14th day of October 2003.

A. N. FRANKHAM, Tribunal Chairman.

gn6875

Departmental Notices

ACC

Accident Insurance Act 1998

ACC Board Levy Recommendations for 2004/05 Following Consultation

The ACC Board has recommended to the Minister for ACC a number of changes to the levy rates for the 2004/05 levy year. The recommended rates reflect:

  • submissions received as part of the public consultation process;
  • the latest claims experience; and
  • recent cost trends in each scheme.

The ACC Board’s recommendations are not binding on the Minister, who will obtain further advice from officials and actuaries before making recommendations to Cabinet.

Cabinet is expected to finalise the 2004/05 levy rates by December 2003.

The ACC Board levy recommendations are summarised as follows (G.S.T. exclusive) for every $100.00 of earnings (except Motor Vehicle, which is an average levy per vehicle):

Who Pays Levy Component Current 2003/04 Average Rate Recommended 2004/05 Average Rate Recommended Change
Employers TOTAL $1.21 $1.21 No change
- Employers’ Work Account levy $0.90 $0.91
- Residual Claims Account levy $0.31 $0.30
Self-employed TOTAL $3.17 $3.10 Reduction of 2.2%
- Self-employed Work Account levy $1.79 $1.73
- Residual Claims Account levy $0.31 $0.30
- Earners’ levy $1.07 $1.07
Earners – through Inland Revenue TOTAL $1.0667 $1.0667 No change
- Earners’ Account levy $1.0467 $1.0646
- Residual Earners’ Account levy $0.0200 $0.0021
Motorists – through annual vehicle licence fee and petrol levy TOTAL $211.96 $197.50 Reduction of 6.8%
- Motor Vehicle Account levy and petrol levy $135.78 $109.96
- Residual Motor Vehicle Account levy $76.18 $87.54

ACC also recommended:

  • that the 130 levy risk classification groups are retained for the employer and self-employed levies and the 41 levy risk groups are retained for the residual levy.
  • that a small number of levy classifications be moved or their description amended to better reflect recent claims experience and appropriate classification of employers.
  • that the petrol levy remains unchanged at 5.08 cents per litre.


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 146


Gazette.govt.nz — PDF NZ Gazette 2003, No 146




✨ LLM interpretation of page content

⚖️ Disciplinary Tribunal Decision (continued from previous page)

⚖️ Justice & Law Enforcement
14 October 2003
Disciplinary Tribunal, Chartered Accountants, Misconduct, Ethics Breach
  • Spekreijse, Subject of disciplinary action

  • A. N. Frankham, Tribunal Chairman

🏥 ACC Board Levy Recommendations for 2004/05

🏥 Health & Social Welfare
ACC, Levy Rates, Employers, Self-employed, Motorists, Earners