Under the Injury Prevention, Rehabilitation, and Compensation Act 2001, the ACC Board has recommended to the Minister for ACC the levy rates for the 2009/10 levy year.
In recommending these levy rates, the ACC Board has considered submissions received as part of the public consultation process, which took place between 11 September and 8 October 2008.
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.
The Minister for ACC will announce the rates once they are decided.
The ACC Board levy recommendations are summarised as follows (GST exclusive):
Who pays Levy Component Current 2007/08 Recommended 2008/09 Proposed change
Self-employed people* and Employers (invoiced directly by ACC) Levy rate for work claims in 2009/10 $0.72 $0.70
Levy rate for injury claims prior to 1999 $0.54 $0.56
Combined average levy rate per $100.00 liable earnings $1.26 $1.26 no change
Note: These are average rates. Individual rates for industry groups may increase or decrease based on recent experience.
Employees (through PAYE) Levy rate for non-work claims per $100.00 liable earnings $1.2444 $1.511^ up 27c
Motorists (through licensing fees and petrol levy) Average levy per vehicle $254.63 $287.00 up $32.37
*Self-employed people and non-PAYE shareholders also pay the non-work claims levy.
^Recommended non-work claims levy including GST is $1.70 ($1.40 in 2008/09).
Individual rates will be finalised and incorporated into levy regulations once the Government has set the average rates.
For a copy of the detailed recommendations made to the Minister for ACC, you can:
? email: consultation@acc.co.nz
? call ACC on 0800 ACC RATES (0800 222 7283).
? write to Levy Consultation, ACC, PO Box 242, Wellington 6140.