ACC sought $158mn in Budget 2016, got $26.4mn, Treasury papers show

Edwin Mitson
Thu, 14 Jul 2016

By Edwin Mitson July 14 (BusinessDesk) - The Accident Compensation Commission requested an extra $158 million in funding for 2016/17 from the government ahead of Budget 2016, but Treasury instead recommended an interim payment of just $26.4 million be funded to tackle demographic changes, papers published by the government show. ACC wanted the money to fund increases in the estimated costs of providing for injured non-earners since 2014. The injured non-earners fund covers people who aren't in the paid workforce such as students, people o...
Economy
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Markets
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Finance
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Metlifecare said it has entered into a new scheme of arrangement with Swedish company EQT to buy all its shares for $6 each, a dollar less than the earlier deal EQT had repudiated, but only four of th...

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