Notice Title

ACC Board’s 2016/17 Recommended Levy Rates

Publication Date
2 Dec 2015

Tags

Accident Compensation Act Consultation on proposed levies Accident Compensation Corporation

Notice Number

2015-go7003

Page Number

2195

Issue Number

130
Title
View PDF
File Type and Size
PDF (25 KB)

ACC Board’s 2016/17 Recommended Levy Rates

Pursuant to the Accident Compensation Act 2001

Before the levies are set each year, ACC gives businesses, self-employed and individuals the opportunity to submit feedback not only on the levy proposals, but on all aspects of the Scheme.

The consultation process for the 2016/17 levy year took place from 1 to 30 October 2015.

The ACC Board would like to thank everyone who made a submission during the 2016/17 levy consultation. We received 1,119 submissions in total, up from 452 last year. All of the submissions were considered and the ACC Board have made their recommendations to the Minister for ACC, the Honourable Nikki Kaye.

What are the ACC Board’s 2016/17 recommended levy rates?

Who pays and how they pay

Current 2015/16

Proposed 2016/17

Recommended change

Cover for work injuries paid by self-employed* people and employers (invoiced directly by ACC)

$0.90#

$0.80#

Down 10c
(-11%)

Cover for non-work injuries paid by employees (through PAYE) and by self-employed people

$1.26

$1.21

Down 5c
(-4%)

Cover for motor vehicle injuries paid by motorists (through licensing fees and petrol levy)

$194.25#

$130.26#

Down
$63.99
(-33%)

*Self-employed and non-PAYE shareholders also pay the non-work claims levy.

#These are average rates. Individual rates for industry groups and motor vehicle classes may increase or decrease.

Recommended levy rates are GST exclusive.

The ACC Board has also recommended some other changes, including:

  • updating the minimum and maximum liable earnings limits in line with inflation (for Work and Earners' levies)
  • maintaining the petrol levy at 6.9 cents per litre
  • maintaining the licence levies for owners of motorcycles and mopeds.

You can find more detailed information on the recommended levy rates and summaries of what we consulted on by visiting

www.shapeyouracc.co.nz