We want to make your levies as fair as possible. We now review levies once every two years and make changes to reflect this. All New Zealanders are paying levies and everyone has the chance to give feedback on the proposed changes we’re thinking of introducing.
From start to finish the levy setting process takes a whole year. It happens in six key stages:
Calculating new levies
Our Actuarial Team calculates our proposed rates using factors such as claims we’ve received from New Zealanders, health care costs and investment returns. We then prepare proposal documents detailing what we’re thinking about changing, why, and what the new levy rates will be.
We publish our proposals and invite New Zealanders to give their feedback on our proposals during levy consultation. This feedback period is open for a minimum of 28 days.
Once consultation closes, the ACC Board reviews your submissions. They use the feedback to confirm some of the proposals, re- think on others, or introduce new changes. The ACC Board then announces their recommendations.
Recommending new levy rates
The Minister for ACC reviews the finalised recommended rates. They may also seek independent advice from Ministry of Business Innovation and Development and the Treasury.
Confirming new levy rates
Cabinet finalises levy rates for the coming levy year.
Putting the new levy rates in place
Levy regulations are passed and come into effect from 1 April (Work and Earners’ Account) and 1 July (Motor Vehicle Account) in the following year.
Last published: 7 December 2017
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