ACC levie tagged posts

ACC Levies Confirmed to Rise

December 5, 2008 New Zealand FinanceNew Zealand Taxation  No comments

Finance Minister Bill English stated on the 5th of December that ACC levies will rise on the 1st of April 2009.

To cover shortfall in the Accident Compensation Corporation (ACC) accounts, which according to the new Government are a product of the previous government’s manipulations. Finance Minister Bill English is said to have until Christmas to decide the exact nature and amount of the increase in ACC levies that would be imposed on workers.

The current problem arises from the “non-earners account” in the ACC system. This account is used to cover accident claims by students, children, beneficiaries and elderly...

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