Govt freezes ACC levy rates for two years

Govt freezes ACC levy rates for two years
Rebecca Howard
Accident Compensation Corp levy rates will be frozen for the next two years to help ease the financial pressures of covid-19, the government said. “We're taking practical steps to support levy payers throughout these difficult times, while also safeguarding the ACC scheme,” ACC minister Iain Lees-Galloway said. Lees-Galloway said levies will stay the same until March 31, 2022 for work and earners’ levies, and June 30, 2022 for motor vehicle levies. It has also lowered the funding target for levied accounts. “ACC’s previous funding t...

More Finance

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025
$600m in tourist spend at risk from regulation: Mastercard
Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Pattrick Smellie 27 Jun 2025
Michael Lorimer exits Grant Samuel amid more sector change
Finance

Michael Lorimer exits Grant Samuel amid more sector change

Lorimer has sold his 80% stake in the corporate advisory firm.

Duncan Bridgeman 26 Jun 2025