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Notice Type
Authorities/Other Agencies of State
Notice Title

ACC’s 2019–2021 Levy Consultation

Publication Date
27 Sep 2018

Tags

Accident Compensation Act Consultation on proposed levies Accident Compensation Corporation

Notice Number

2018-au4754
Title
View PDF
File Type and Size
PDF (35 KB)

This is your Scheme – have a hand in shaping it

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 every two years, ACC gives businesses, self-employed people and individuals the opportunity to submit feedback on the levy proposals during levy consultation. Levy consultation is open from 27 September 2018 until 25 October 2018.

We rely on your submissions to tell us about how the proposals may impact you. If you choose to make a submission, your feedback will be incorporated when we prepare our final recommendations to the Minister for ACC.

What are the proposed 2019–2021 levies?

Who pays and how they pay

Current 2017–2019

Proposed 2019–2021

Proposed change

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

$0.72#

$0.67#

Down 5c
(-6.9%)

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

$1.21

$1.24

Up 3c
(+2.5%)

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

$113.94#

$127.68#

Up
$13.74
(+12.1%)

* 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 is also proposing some other changes, including:

  • increasing the petrol levy from 6.0 cents to 7.9 cents per litre
  • increasing the minimum and maximum liable earnings limits (for Work and Earners’ levies)
  • simplifying the Experience Rating programme.

You can read more about our proposals on our levy consultation website: www.shapeyouracc.co.nz/.

Making a submission is easy. You can provide your feedback (with your contact details) on our proposals in the following ways:

The deadline for submissions is 5.00pm, 25 October 2018.

You can get a full copy of the consultation information by visiting www.shapeyouracc.co.nz or by sending an email with your request to levies@acc.co.nz. A copy of the actuarial advice and funding policy which we’ve based our proposals on is also available on request.

Keep in mind that the Official Information Act 1982 applies to ACC, so your submissions may be available to people seeking information under this Act.