ACC plans levy increases to meet rising costs

Rebecca Howard
Thu, 27 Sep 2018

By Rebecca Howard Sept. 27 (BusinessDesk) - The Accident Compensation Corp is looking to increase some levies to meet higher costs as lower interest rates crimp its investment income. It proposes increasing the levy on petrol by 1.9 cents a litre and has suggested raising the average annual levy on car registrations from $113.94 to $127.68 - a 12.1 percent increase. The corporation is consulting on the planned increases during the coming month. If approved, they will apply from July next year and will add to the pain at the pump for m...

Try us for 10 days free

Each day we publish 10 to 20 originally-reported news stories on New Zealand business and the political economy.

You also get:

Instant alerts based on any keywords you choose.
A custom library of your saved stories.
An industry-leading search engine

After your trial subscriptions cost $24 a month or $249 a year.

If you don’t like our news service, we make it easy to quit with our one-button cancel.

Find out more

Markets

MARKET CLOSE: NZ shares rise as optimism over covid drug buoys Asia

Dan Brunskill | Mon, 13 Jul 2020

New Zealand shares joined a rally across Asia, as upbeat investor sentiment spilled over from Wall Street's close on Friday on optimism over a late-stage trial for a hopeful covid-19 treatment. Th...

Law & Regulation

SFO probes Labour Party on donations

Victoria Young | Mon, 13 Jul 2020

The Serious Fraud Office has confirmed a fifth investigation into electoral funding, stating today it is looking into donations to the Labour Party.The agency said the probe relates to donations made...

Markets

NZ dollar little changed as global shares defy worsening covid news

Jenny Ruth | Mon, 13 Jul 2020

The New Zealand dollar was little changed as traders awaited further trend-setting information and as rising share markets were offset by Florida reporting a US record for new covid infections. The...

Melbourne Lockdown Take Two

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.