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Minister for Accident Insurance
ACC Levy Rates2002-2003
Questions and Answers
When do the rates take effect?
1 April 2002, except motor vehicle that commences 1 July 2002.
Why did the government not accept all of ACC's recommendations?
What is the difference between pay-as-you go and full funding?
Under full-funding ACC must collect the full cost, for the life of the claim, for injuries that occur in the levy year. This requires ACC to establish reserves to meet the future costs of current claims.
Do the levies include the expected impact of changes in the range and scope of benefits contained in the Injury Prevention, Rehabilitation and Compensation Act 2001?
What is the government doing to reduce the cost and number of claims?
These measures along with the new health and safety legislation combine to make our workplaces safer.
ACC is also working to reduce injuries on the road, in the home, on the sports fields and in the community. ACC is also developing a New Zealand Injury Prevention Strategy.
How can employers and self-employed people find out their individual levy classification rates?
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