|Just paid my car rego for the next 6 months... ACC is a big part of that.|
The average New Zealand household can expect to keep just over $200 extra each year and small businesses will be around $180 better off annually. Larger employers will receive, on average, a $6,000 reduction. The levy cuts are possible because ACC is now very close to being fully-funded. National’s responsible management of the scheme means ACC will hold sufficient financial assets to meet lifetime costs of all current claims. With ACC approaching this target, New Zealanders are starting to enjoy reduced levies.
Hopefully, there's more to come - late last year Cabinet agreed in principle to investigate a risk rating system for levies for car registrations (I just paid mine the other day, picture above) which could mean lower levies for most motorists.