Beehive.govt.nz
Added: Feb 22, 2012
ACC levy reductions worth more than half a billion dollars a year to workers and businesses have been signed into law by Governor-General Sir Jerry Mateparae.
As announced last year, ACC’s $3.5 billion surplus in 2010/11 and continuing improvements in rehabilitation rates have enabled the reduction in levies that will save households $340 million a year and businesses $247 million a year.
“These significant levy reductions are great news for New Zealand workers – keeping money in their pockets. It is equally good news for businesses by improving their cash flow,” ACC Minister Judith Collins said.
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