Notice Title

ACC Board’s 2019–2021 Recommended Levy Rates

Publication Date
22 Nov 2018

Tags

Accident Compensation Act Consultation on proposed levies Accident Compensation Corporation

Notice Number

2018-au5863
Title
View PDF
File Type and Size
PDF (25 KB)

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 2019–2021 levy period took place from 27 September to 25 October 2018.

The ACC Board would like to thank everyone who made a submission during the levy consultation. We received 6334 submissions in total, including 6224 through our consultation website www.shapeyouracc.co.nz. All submissions were considered and the ACC Board have made their recommendations to the Minister for ACC, the Honourable Iain Lees-Galloway.

What are the ACC Board’s 2019–2021 recommended levy rates?

Who pays and how they pay

Current rate

2017–19

Recommended rate

2019–2021

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 has also recommended some other changes, including:

  • holding the petrol levy at 6 cents per litre, and shifting the increased cost to the registration component of the Motor Vehicle levy
  • changes to the Experience Rating programme
  • increasing the minimum and maximum liable earnings limits (for Work and Earners’ levies).

You can find more detailed information on the ACC Board’s recommended levy rates and summaries of what we consulted on by visiting www.shapeyouracc.co.nz