Notice Type
Departmental
Recommendations From Consultation on the Residual Claims Levy Regulations 1999 The Residual Claims Account pays for the immediate and ongoing costs of treating and rehabilitating people who were injured in the workplace before 30 June 1999 and suffered non-work injuries prior to 1 July 1992. This Account is funded by a residual claims levy which is paid by all employers and self-employed based on their levy classification unit. As required by section 409 of the Act, A.C.C. has completed consultation with levy payers, and has recommended changes to the residual claims levy to the Minister for Accident Insurance. A.C.C. has recommended that from 1 April 2000 a 41.8 percent reduction in the average residual claims levy from the current rate of $0.67 to $0.39 (G.S.T. exclusive) for every $100 of liable earnings. The individual classification levies would range from $0.19 for low-risk activity sectors to $1.74 for high-risk activity sectors. A copy of the recommendation may be obtained by contacting Nick Lawson on Telephone No. (04) 918 7385.
Publication Date
14 Oct 1999

Notice Number

1999-go7437

Page Number

3578