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Budget 2015 will signal ACC is on track to provide further levy cuts of around $375 million in 2016/17 and $120 million in 2017/18, says ACC Minister Nikki Kaye.
“These indicative levy cuts represent a total saving for New Zealanders of around $500 million, and will be spread across the motor vehicle, work and earners accounts,” says Ms Kaye.
“The cuts are based on current financial projections and a funding direction which sees each of these accounts heading towards a solvency band of between 100 and 110 per cent.
- Paul Goldsmith
- Nikki Kaye
- Budget 2015
- ACC