New Zealand Gazette – 2003 – No. 94

Page 2466

✨ ACC Levy Consultation



Departmental Notices

Accident Compensation Corporation

Accident Insurance Act 1998

Consultation on Proposed ACC Levy Rates

ACC is consulting on the 2004/2005 levies to be regulated for the following accounts:

  • Earners’
  • Motor Vehicle
  • Residual Claims
  • Employers’
  • Self-Employed Work.

The ACC Board seeks public input on its levy proposals before making recommendations to the Minister for ACC in October 2003. ACC invites all interested parties to make submissions on the proposed levies and regulations.

Summary of proposed levy rates for 2004/2005

These figures are for every $100.00 of payroll or for every $100.00 earned. They exclude G.S.T.:

Who pays Levy component Current 2003/2004 average Proposed 2004/2005 average Proposed change
Employers TOTAL $1.21 $1.26 + 4.1 %
Employer work account levy $0.90 $0.95
Residual claims account levy $0.31 $0.31
Self-employed people TOTAL $3.17 $3.21 + 1.3 %
Self-employed work account levy $1.79 $1.83
Residual claims account levy $0.31 $0.31
Earners’ levy $1.07 $1.07
All earners – through Inland Revenue TOTAL $1.07 $1.07 No change
Earner account levy $1.05 $1.05
Residual Earner account levy $0.02 $0.02
Motorists – through annual vehicle TOTAL $211.96 $205.04 - 3.3 %
registration fee and excise tax on petrol Motor Vehicle account levy and petrol levy (average per vehicle) $135.78 $114.08
Residual Motor Vehicle account levy (average per vehicle) $76.18 $90.96

Discussion papers

The details of the proposed levy rates and regulations are set out in discussion papers. For copies of these papers and the actuarial assessments:

  • download the documents in PDF format from www.acc.co.nz
  • email consultation@acc.co.nz
  • write to Levy Consultation, ACC, P.O. Box 242, Wellington
  • call ACC on 0800 ACC RATES

Submissions

Submissions must be in writing and received by ACC no later than 18 September 2003 by 5.00 p.m.. They should be sent to Levy Consultation, ACC, P.O. Box 242, Wellington, or emailed to consultation@acc.co.nz

An overview of reviewing the levies

Each year, ACC reviews the levies it charges for the seven accounts that make up the ACC scheme.

Period Activity
From August – early September The ACC Board consults with levy payers on levy rate proposals and options.
September The ACC Board considers the submissions.
October The ACC Board makes recommendations to Government about any changes to the levy rates.
1 April The regulations and new levy rates come into effect for all ACC accounts (except the Motor Vehicle Account).
1 July The regulations and new levy rates for the Motor Vehicle Account come into effect.


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 94


Gazette.govt.nz — PDF NZ Gazette 2003, No 94




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🏥 Consultation on Proposed ACC Levy Rates

🏥 Health & Social Welfare
ACC, Levy Rates, Consultation, Proposed Changes