Opinion

Can this government bring itself to raise ACC levies?

Jenny Ruth
Mon, 22 Mar 2021

Jenny Ruth
Mon, 22 Mar 2021
Has the government been underfunding ACC and refusing to raise levies while praying financial markets will save their bacon?It certainly looks that way from a report by ACC's actuaries that comes out at the same time as the annual report and of whose existence I had previously been ignorant.When ACC released its annual report in December, it blamed its $5.95 billion net deficit for the year ended June on the impact of falling interest rates on its future liabilities and it's certainly true that was the biggest reason.But the Financial C...

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