ACC faces $1b revenue shortfall, levy increases likely in 2025

Summarised by Centrist

ACC must raise levies to cover a $1 billion revenue gap, with rates potentially increasing by up to 20%. ACC plans to collect $4.7b in levies for the 2025/26 year. “The financial sustainability of the scheme is under pressure,” ACC revealed in a briefing. Levies on motor vehicles, work, and earners’ accounts will all rise, with consultation on the changes running until October 9.

Read more over at RNZ

Enjoyed this story? Share it around.​

Subscribe
Notify of
guest
5 Comments
Most Voted
Newest Oldest
Inline Feedbacks
View all comments

Read More

NEWS STORIES

Sign up for our free newsletter

Receive curated lists of news links and easy-to-digest summaries from independent, alternative and mainstream media about issues affect New Zealanders.

GRAHAM ADAMS: Trans ‘No Debate’ policy collapses

If you want to attack anyone for what you and a few of your fellow ideological travellers see as doctrinal error, you really shouldn’t make your target the grieving parents of a child who died alone of starvation in a motel room.

GRAHAM ADAMS: Trans ‘No Debate’ policy collapses

If you want to attack anyone for what you and a few of your fellow ideological travellers see as doctrinal error, you really shouldn’t make your target the grieving parents of a child who died alone of starvation in a motel room.