Law & Regulation

ACC to delay $900m of levy invoices to ease cashflow burden

Paul McBeth
Fri, 17 Apr 2020

Paul McBeth
Fri, 17 Apr 2020
Accident Compensation Corp will put off sending out $900 million of invoices to firms and sole traders for three months to help tide them through the cashflow crunch caused by the covid-19 crisis.The state-owned workplace insurer said invoices for the 2021 financial year that are usually sent from July 1 will now go out in October. Other invoices issued throughout the year will also be on hold for three months.ACC invoices the bulk of business customers from the start of July and most payments are received in the following three months. It esti...

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