From 1 April, the NZ ACC Work Account levy will drop from 95 cents per $100 of earnings to 90 cents – a 5 percent drop. However, ACC itself had recommended a 21 percent drop.
Labour’s Sue Moroney said it was not the first time the Government had rejected ACC’s recommended levies, including the 2013-2014 financial year.
ACC Minister Nikki Kaye maintained the Government has to take a range of factors into consideration. “You can take these accounts at a point in time but if you do that you end up in a position that we had, a $5 billion deficit in ACC, because you need to take a long-term view because of the significant shifts in the account.”
However, ACC’s chair Paula Rebstock hinted at further recommended reductions in ACC levies to come.
Really? Not if Nikki Kaye is still Minister.
How outrageous. The actual public servant in charge of the dept recommends a drop in rates and the Minister vetoes it? On what sounds like very insubstantial grounds. Remember National? They were the party that was going to cut business costs and red tape. Same old same old worthless socialist rhetoric.