ACC levy rates 2009/10

The Minister for ACC has announced the levy rates for 2009/10. They are as follows (GST exclusive):

Who pays	Levy Component	Current 2008/09	New 2009/10	Change
Self-employed* and employers (invoiced directly by ACC)	Levy rate for work claims in 2009/10	$0.72	$0.75	Up 3c
	Levy rate for claims prior to 1999	$0.54	$0.56	Up 2c
	Combined average levy rate per $100 liable earnings	$1.26	$1.31	Up 5c
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 2009/10 per $100 liable earnings	$1.244	$1.511^	Up 27c

Notes:

* Self-employed people and non-PAYE shareholders also pay the non-work claims levy.
^ Non-work claims levy including GST is $1.70 ($1.40 in 2008/09).
As these rates have now been agreed by Cabinet, Regulations will be drafted to give effect to these decisions. Cabinet is expected to approve these Regulations in February2009 to come into force on 1April2009.
Decisions on the 2009/10 levies for motorists have not yet been made.