Opinion

Can this government bring itself to raise ACC levies?

Jenny Ruth
Mon, 22 Mar 2021

Can this government bring itself to raise ACC levies?
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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
NZ shares rise on another quiet day
Staff reporters | Tue, 09 Aug 2022

Hamilton Hindin Greene's Grant Davies said the market was expecting “robust" numbers from the upcoming earnings season.

World news
FBI raid focused on material Trump brought from White House
Bloomberg | Tue, 09 Aug 2022

Papers kept from his time in the White House are likely the target of the raid on former US president Donald Trump's Florida home.

Listed Companies
Glass price inflation will crack 31% next month – Metroglass
Brent Melville | Tue, 09 Aug 2022

NZ's main commercial glass manufacturer says materials costs increases and changes to the building code will continue to ratchet up prices for the already hard-hit construction sector.

Sponsored
A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.

Sponsored
Energy of the future: Why we need innovation

The Tomorrow’s Energy Today conference is looking at ways to develop a clean, affordable and reliable energy future, says Brendan Winitana, chair of the Sustainable Energy Association New Zealand (SEANZ).