Notice Title

ACC Board’s 2017–2019 Recommended Levy Rates

Publication Date
24 Nov 2016

Tags

Accident Compensation Act Consultation on proposed levies Accident Compensation Corporation

Notice Number

2016-au6480

Page Number

2195

Issue Number

108
Title
View PDF
File Type and Size
PDF (25 KB)

ACC Board’s 2017–2019 Recommended Levy Rates

Pursuant to the Accident Compensation Act 2001

ACC provides no-fault personal injury cover for all New Zealand residents and visitors to New Zealand. The money to fund these services comes from levies on peoples’ earnings, employers, petrol and vehicle registrations, as well as from the government.

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 2017–2019 levy period took place from 21 September 2016 to 19 October 2016.

The ACC Board would like to thank everyone who made a submission during the levy consultation. We received 1,081 submissions in total, including 1,038 through our consultation website

www.shapeyouracc.co.nz

All of the submissions were considered and the ACC Board have made their recommendations to the Minister for ACC, the Honourable Nathan Guy.

What are the ACC Board’s 2017–2019 recommended levy rates?

Who pays and how they pay

Current 2016–2017

Recommended 2017–2019

Change

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

$0.80#

$0.72#

Down 8c
(-10%)

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

$1.21

$1.25

Up 4c
(+3%)

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

$130.26#

$113.94#

Down
$16.32
(-13%)

* 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.

Proposed levy rates are GST exclusive.

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

  • reducing the petrol levy from 6.9 cents to 6.0 cents per litre;
  • maintaining the motorcycle levies; and
  • increasing the minimum and maximum liable earnings limits (for Work and Earners' levies).

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

www.shapeyouracc.co.nz