Notice Type
Consultation on 1998/99 ACC Employment Premium ACC intends to recommend to the Minister that changes be made to the Accident Rehabilitation and Compensation Insurance (Employment Premium) Regulations, and the Reserves Policy. Before making recommendations to the Minister on the making of regulations prescribing premium rates and gazetting of the Reserves Policy, ACC must consult with premium payers regarding: the average premium levels (i.e. funding level); the premium pricing policy and resulting individual premiums levels; and its proposed Reserves Policy. ACC is proposing a decrease to the average employment premium rate: the current average rate is $2.61 per $100 of liable earnings (G.S.T. exclusive) the proposed average rate range is $1.67 to $1.95 per $100 of liable earnings (G.S.T. exclusive). Under sections 128 and 167a of the Accident Rehabilitation and Compensation Insurance Act 1992, premium payers are invited to make written submissions on the proposed reserves policy and employment premium regulations. A discussion paper is available by writing to ACC, P.O. Box 242, Wellington, or by contacting Joanne Allan on (04) 460 7367 or the ACC Premiums help-desk on 0800 222 776. Submissions close on Friday 22 August 1997.
Publication Date
17 Jul 1997

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