ACC levy rates 2008/09

The Minister for ACC has announced the levy rates for 2008/09. They are as follows (GST exclusive):

Who pays	Levy Component	Current 2007/08	New 2008/09	Change
Self-employed* and employers (invoiced directly by ACC)	Levy rate for work claims in 2008/09	$0.89	$0.72
	Levy rate for claims prior to 1999	$0.43	$0.54
	Combined average levy rate per $100 liable earnings	$1.32	$1.26	down 6c
Note: These are average rates. Individual rates for industry groups may increase or decrease based on recent experience.
Employees (through PAYE)	Levy rate for non-work claims in 2008/09 per $100 liable earnings	$1.1556^	$1.2444^	Up 8.88c
Motorists (through licensing fees & petrol levy)	Average levy per vehicle	$204.78	$254.63	Up $49.85

Notes:

*Self-employed people and non-PAYE shareholders also pay the non-work claims levy.
^ Non-work claims levy including GST is $1.40 ($1.30 in 2007/08).
Rates have now been agreed by Cabinet. Regulations will now be drafted to give effect to these decisions. Cabinet is expected to approve these Regulations in February2008 to come into force on 1April2008, except for the motor vehicle rates, which will come into force on 1July2008.
The average composite motor vehicle levy (vehicle licence fee levy and petrol levy) will increase by 24.3 percent from 1July2008.

For petrol-powered vehicles, the petrol levy will increase to 9.34 cents per litre, and the average licence fee will increase to $136.48.
For non-petrol powered vehicles, eg diesel, the licence fee will increase according to the vehicles classification.