ACC levies 2002-2003 7/9

Lianne 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
Recommended Rate
Department of Labour Recommended Rate
$0.35 $0.35 $0.35 $0.35

General

  • 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.

History of
Account

  • 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.