ACC levies 2002-2003 7/9Lianne Dalziel Accident Insurance
ACC Levy Rates 2002-2003 Residual Claims Levy
At A Glance:
|Current Rate average 2001-2002 per $100 of payroll||New Average Rate 2002-2003||ACC
|Department of Labour Recommended Rate|
- Residual claims levies are collected to fund pre-1999 work injury claims and
pre-1992 non-work claims for earners.
- 550 risk rated levy classes based on services provided or goods produced.
Each class has a levy rate used to determine the employers payable levy, based
on liable earnings.
- Previous collection of ACC levies was on a pay-as-you go basis. This led to
a build up of long-term liabilities for these injuries. The residual claims levy
will fund the current costs of those pre-1999 claims and establish reserves to
match future liabilities.