Changes to your invoice

Changes to your invoice

As a result of the introduction of experience rating, your recent ACC levy invoice may have changed from previous invoices you have received from us.This guide will help to explain what these changes are and how they affect you.

On this page

  1. Experience rating and levy adjustments
  2. Definitions of the current and residual portions of your levy
  3. Additional Levies
  4. Calculate your experience rating adjustment

1. Experience rating and levy adjustments

Experience rating framework

The invoice below is an example only. Your invoice may have a different heading depending on the products you have opted for - i.e. ACC CoverPlus or ACC CoverPlus Extra. However, the experience rating information will appear the same for any invoice.

Invoice 01

The section of your invoice shown above will appear if you come under the no-claims discount programme or the experience rating programme and includes the modification rate that has been applied to your invoice, ie, if you receive a discount, loading or there is no change.

Please note the wording in this example may not exactly match your invoice as it will depend on the outcome of your experience rating calculation as to what appears on your invoice. This example is to explain what each of the headings mean in order to help you gain a clearer understanding of your invoice.

‘Programme type’
This shows what programme you are eligible for. It will either be Experience rating or No-Claims discount.

‘Modification rate’
This explains what your modification rate is. This is applied to the Current portion of your Work Account levy.

  • If your modification rate has a “+” (plus) sign in front of it, this means that you will have had a loading added to the Current portion of your Work Account levy.
  • If your modification rate has a “–” (minus) sign in front of it, this means that you will have had a discount on the Current portion of your Work Account levy.
  • If your modification rate is 0 (zero) this means the Current portion of your Work Account levy remains unchanged.
Your adjusted Work Account levy

Below are two examples of what your invoice may look like. The first example is the most common invoice (ACC WorkPlace Cover and ACC CoverPlus) and the second is what you will see if you have opted for our ACC CoverPlus Extra product.

This section of the invoice shows the affect of your discount or loading on the Current portion of your Work Account levy, the base classification unit rate and the amended classification unit rate.

To work out what your discount or loading is in dollars, please use the calculator. The figure you should use to make this comparison is the Current portion of the Work Account levy as shaded on the example of your invoice below.



Invoice 03

ACC CoverPlus Extra invoices show the final net total of the Current Portion of the Work Account levy only.

To work out what your discount or loading is in dollars please use the calculator. The figure you should use to make this comparison is the Current portion of the Work Account levy as shaded on the example of your invoice below.

Invoice 02

2. Definitions of the current and residual portions of your levy

There are various types of levies listed on your invoice and we have outlined what these cover below:

Current portion of Work Account levy
This levy is the only levy that is affected by experience rating and covers medical, rehabilitation and weekly entitlement costs for injuries that happen at work and is based on:

  • the type of work you do (business classification unit)
  • the number and costs of claims in your industry
  • your liable earnings
  • liable payroll (if you are an employer).
Residual portion of the Work Account levy
This portion of your levy funds the ongoing cost of treating and rehabilitating people who were injured in the workplace before 30 June 1999 and non work-related injuries prior to 1992.

Invoice 04

Current portion of Earners’ levy
This portion of your levy covers all the costs relating to injuries that occur outside of work (and not a motor vehicle accident) eg, injuries that happen at home, on the sports field, or in the community. This includes paying for the costs for the current year and any future costs.

Residual portion of the Earners’ levy
This portion of your levy covers the cost of treating and rehabilitating people who have non work-related injuries that happened between 1 July 1992 and 30 June 1999. Formerly called Earners’ Account Levy (non work). This levy only appears on self-employed invoices (ACC CoverPlus Extra and ACC CoverPlus).

Invoice 05

Health and Safety in Employment levy
This levy pays for the operation of the workplace health and safety services and is collected on behalf of the Department of Labour.

3. Additional Levies

CoverPlus Extra levies

Your CoverPlus Extra levies are based on the pre-agreed cover value as set out in your policy. Please refer to the calculation box as shown in the example below for your agreed value.

Invoice 06

.

4. Calculate your experience rating adjustment

To work out what your discount or loading is in dollars, key in the Current portion of the Work Account levy into the field below.

Please note that the discount or loading difference shown is approximate only and has been rounded to allow for two decimal points.

No liability is accepted for any inaccuracy, loss or damage to any party that results from the use of, or action taken based on calculations made using this calculator.


Calculate:
Current portion of the
Work Account Levy ($)
Modification rate (%)
Amount ($)
Current portion of the
Work Account Levy ($)
Modification rate (%)
Amount ($)