At A Glance:

Current Rate average 2001-2002 per $100 of payroll	New Average Rate 2002-2003	ACC Recommended Rate	Department of Labour Recommended Rate
$0.35	$0.35	$0.35	$0.35

General

• Residual claims levies are collected to fund pre-1999 work injury claims and pre-1992 non-work claims for earners.
• 550 risk rated levy classes based on services provided or goods produced. Each class has a levy rate used to determine the employers payable levy, based on liable earnings.

• Previous collection of ACC levies was on a pay-as-you go basis. This led to a build up of long-term liabilities for these injuries. The residual claims levy will fund the current costs of those pre-1999 claims and establish reserves to match future liabilities.