MSC NewsWire

Founded by Max Farndale 1947 - 2018
Monday, 11 December 2023 05:56
  • Home
    • About Us
    • Pricing
    • Global Presswire
    • Industry Organisations
  • News Sectors
    • Headlines Through Today
    • Environmental Talk
    • Out of The Beehive
    • Primary Sector Talk
    • Reporters Desk
    • The MSC NewsReel
    • MSCNetwork
    • FinTech Talk
    • The FactoryFloor Newsreel
    • Trade Talk
    • News Talk
    • Industry Talk
    • Technology Talk
    • Blockchain
    • Highlighted
    • The TravelDesk
      • TravelMedia
      • Sporting Tours
      • Holidays Tours Events + More
      • Airfares
      • Travel Enquiry Form
      • TravelBits
    • Travel Updates
    • The MSC TravelDesk Newsreel
    • Travel Talk
    • Travel Time
    • The Bottom Line
    • Regional News
    • News to Run Advice Form
    • World News
    • NewsDIRECT
    • MSCVoxPops
    • Press Releases
  • National Press Club
  • Contact Us

Proposed ACC levy reduction welcomed

  • font size decrease font size decrease font size increase font size increase font size
  • Print
  • Email

BusinessNZ has welcomed proposed lower ACC levies for businesses in 2019-21, as outlined in ACC’s recent Discussion Document.

ACC is proposing a nearly 7 percent average reduction in the Work Account levy which if implemented would save businesses $40-50 million per year.

BusinessNZ Chief Executive Kirk Hope said ACC levies were a significant cost for many businesses and the reduction was welcome.

Mr Hope praised ongoing improvements to levy setting over recent years which have improved transparency and ACC accountability.

But he said there was room for improvement, notably in the motor vehicle account where motorcyclists, cyclists and electric vehicle owners are subsidised by other motor vehicle owners.

"Levies should closely reflect accident risk within the various ACC accounts to ensure transparent pricing and act as an incentive for safe practice."

  • Source: A BusinessNZ release
Published in BUSINESS
Tagged under
  • news talk

Related items

  • Sir Bill English to be honoured by Victoria University of Wellington
  • Higher bank capital better for banking system and NZ
  • Plastics industry helps designers create easy-to-recycle packaging
  • Great Barrier unhappy with Auckland’s marine sludge plan
  • XE Update Friday 30 November, 2018
More in this category: « Call for Government to justify oil and gas decision with proper research Alliance distributes $1.73 million in loyalty payments to shareholders »
back to top

MSC NewsWire is a gathering place for information on the productive sector in New Zealand focusing on Manufacturing, Productive Engineering and Process Manufacturing

  • Home
  • Global Presswire
  • Industry Organisations
  • National Press Club
  • Disclaimer
  • About Us
  • Pricing
  • Sitemap
Copyright © 2023 MSC NewsWire. All Rights Reserved.
Site Built & Hosted by iSystems Limited
Top
News Talk