ACC plans levy increases to meet rising costs

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...

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