Consultation on the Self-employed Work Premium Regulations Accident Insurance Act 1998 ACC currently provides all cover for personal injury. Under the Accident Insurance Act 1998, self-employed people may, from 1 July 1999, choose to buy work and most of their non-work personal injury insurance cover from a private insurer or remain with ACC. A new self-employed work account will cover self-employed and private domestic workers who choose to continue to insure with ACC for their work injuries. The self-employed work account will be funded by premiums paid by self-employed and private domestic workers. ACC invites interested premium payers to make submissions about the premium rates for the new self-employed work account before a final recommendation is made to the Minister for ARCI. The new premium rates will take effect from 1 July 1999. ACC is proposing to adopt the existing employer premium classification system as the basis for a new self-employed work premium classification system. This will allow premium rates to reflect the accident risk according to the type of work undertaken by the premium payer. Premiums for the account will be assessed on a fully-funded basis. The premium rate has 2 components: an income related benefit premium; and a non-income related benefit premium. In addition, there will be up to 3 personal adjustment factors which will adjust the final premium payment to reflect the individual risk characteristics of each premium payer. ACC invites submissions on the above proposals. A discussion paper and the proposed regulations are available by writing to: Self-employed Work Premium Consultation, ACC, P.O. Box 242, Wellington or by contacting the ACC Premiums Help Desk on 0800 222 776. Copies may also be obtained from ACC's website at www.acc.co.nz Submissions close on 6 May 1999.