ACC levies 2002-2003 9/9

Lianne Dalziel Accident Insurance

ACC Levy Rates 2002-2003 Earners' Levy

At A Glance:

Current Rate 2001-2002 per $100 of earnings(GST inclusive) New Rate 2002-2003 ACC
Recommended Rate
Department of Labour Recommended Rate
$1.10 $1.20 $1.10 1.20

General

  • Earners' levy meets the costs of non-work injuries to earners, and also
    residual claims from 1992 - 1999 which occurred after 01 April 2002.
  • Levy is collected by IRD and is incorporated in the PAYE tables.

Reason for Increase

  • Main reasons for this increase are a higher number of new claims and the
    need to build-up reserves in this account.

History of Account

  • This account was established in 1992.
  • The Earners' Account is relatively stable. However, ongoing claims are
    increasing as the account is still in the growth phase - long-term claim entries
    exceed the number of exits.