(g) The concurrent review into Work Health and Safety should consider the role of ACC in the health and safety system. [...] 2.10 In the short-term ACC should strive to reduce the cost of claims and it should ensure its funding policy is responsible and sends the right signals to levy payers. [...] We also agree with the statement that “Workers, organisations, and businesses spend a lot of time and money trying to comply with health and safety rules and regulations, yet New Zealand’s workplace fatality rate is far too high compared with countries like Australia and the United Kingdom.”7 6.3 Any review of health and safety must consider the role of ACC and the signals it sends. [...] 6.5 Recommendation: The concurrent review into Work Health and Safety should consider the role of ACC in the health and safety system. [...] 7.3 The concurrent review into work health and safety should also consider the role of ACC in the system.
Authors
- Pages
- 7
- Published in
- New Zealand
Table of Contents
- Prepared by 1
- Nick Clark Senior Fellow Economics and Advocacy 1
- The New Zealand Initiative 1
- PO Box 10147 1
- Wellington 6143 1
- The Initiative 2
- 2. THE NEED FOR COMPETITIVE PROVISION 2
- 2.11 Recommendation The government should reintroduce competition in the provision of accident insurance. 4
- 3. ACCS PROPOSED LEVY INCREASES 4
- Account 4
- 202425 current 4
- 202526 202627 202728 4
- 3.5 Recommendation ACC should work to contain the rising cost of claims. 4
- 3.10 Recommendation ACC should seek to maximise risk-adjusted returns from its investments. 5
- 3.14 Recommendation ACC should ensure that its accounts are fully funded. 5
- 3.15 Recommendation ACC should cease the smoothing of levies and the capping of levy rate increases. 5
- 3.18 Recommendation ACC should reduce cross-subsidisation within its accounts. 6
- 4. ACCREDITED EMPLOYER PROGRAMME 6
- 5. NO CLAIMS DISCOUNTS AND EXPERIENCE RATING 6
- 6. ACCS RELATIONSHIP WITH HEALTH AND SAFETY REGULATION 6
- 6.5 Recommendation The concurrent review into Work Health and Safety should consider the role of ACC in the health and safety system. 7
- ENDS. 7
