ACC to repay $100M plus interest after overcharging for 15 years

Paul McBeth
Thu, 11 Oct 2018

By Paul McBeth Oct. 11 (BusinessDesk) - Accident Compensation Corp will refund more than 300,000 business customers $100 million plus accrued interest after overcharging them for 15 years.  Between 2002 and March 2017, when the error was discovered, the state-owned workplace insurer overcharged about 106,000 people in the first year of being self-employed by a total of $34 million. Over the same period, some 200,000 businesses were overcharged $64 million on provisional invoices.  ACC uncovered the issue when preparing to introduce a n...
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