Is this good or bad for ACC?

[Ozzie]

Treasury has released the financial statements of the Government for the three months ending September 30.


The books reveal core Crown tax revenue was just over a billion dollars lower than forecast, sitting at close to $12 billion.


Higher than forecast investment returns by the New Zealand Super Fund and ACC offset the tax result, meaning the operating balance deficit was slightly better than forecast at $200 million.


Other key indicators were largely on target.

[Ixion]

Good news for them, they made more money than expected. reserves go up.

Good news for us too (and thus bad for ACC) , since it undermines the "ACC is broke we have to raise levies" argument.

ACC ain't broke, and now it's even less broke than it never was.

[AllanB]

Irrelevant - they will alter figures to suit their agenda.

Statistics are crap as we are finding out.

[Laxi]

ACC can't count anyway

[StoneY]

Only stat we need worry about is 'how many registered bikes there are"

As at June 30 this year, figure is 134,973 INCLUDING registered ATV's (whos levy pays into the Motorcycle account)

I rang NZTA this morning...very enlightening
Current numbers for this quater being sent to me under the OIA, will spread the news once it arrives

134,973 x 280 (estimated levy, have no exact figure beyond the rumor that the rego fee is less than 100$ and rest ACC)

$37,792,440.00

Where the hell they get 12 mil from? Merely new rrego's maybe?
Maybe thats the sum from new bikes registered in last 12 months or some shit?

I dunno....getting fuzzy with bloody numbers now

[Ixion]

Is that registred or licensed. some of those regos might be on hold (not that matters, we'll use the number that works best for us)

[MSTRS]

And remember that a chunk of that 130,000 is mopeds who pay way less than 'us'

[StoneY]

Is that registred or licensed. some of those regos might be on hold (not that matters, we'll use the number that works best for us)

Registered Les, but I am told that figure is CURRENT registrations so safe to assume non on hold in there (big assumption tho)

And I base 280 on an average of what I have been told the rego/levy differential is, NZTA girl couldnt tell me, she didnt know BUT is sending me a scale of the levy's as well as the current numbers becaus I used the magic words...

Official Information Act

Give me my information, its LAW biaaatch (no I never said that last line)

[StoneY]

And remember that a chunk of that 130,000 is mopeds who pay way less than 'us'

28,756 of them MSTRS
Anyone know what a Mopeds fee is???70$ init?
So, say take 5 mil off the total to be fair to Nick we still paid a lot more than he claims, as Les 8 year old told us about the cars
(good plug Les, told my workmates 'thats my friend' as I played it on the PC speakers here at office)

[NighthawkNZ]

134,973 x 280 (estimated levy, have no exact figure beyond the rumor that the rego fee is less than 100$ and rest ACC)

$37,792,440.00

Where the hell they get 12 mil from? Merely new rrego's maybe?
Maybe thats the sum from new bikes registered in last 12 months or some shit?

I dunno....getting fuzzy with bloody numbers now

That assumes all bikes and mopeds are registered for the full year. small will be of 3 months other 6, this one is very hard to figure so we have to use the 12 million add in the 6 to 9 million from Fuel

also the acc levy for bikes is $252.69

[NighthawkNZ]

28,756 of them MSTRS
Anyone know what a Mopeds fee is???70$ init?
So, say take 5 mil off the total to be fair to Nick we still paid a lot more than he claims, as Les 8 year old told us about the cars
(good plug Les, told my workmates 'thats my friend' as I played it on the PC speakers here at office)

ACC Levies
Motorcyle: $252.69
Moped: $58.97
Car: $168.46

[Hopeful Bastard]

Some fucking good info here for those that can read it better than me..

http://www.landtransport.govt.nz/statistics/motor-vehicle-registration/docs/2008.pdf


the stats right down at the bottom is the best i think..

[StoneY]

And thats exactly where I took my screenshot from Hopeful

The last chart in that GIANT PDF file

[Ozzie]

I really should read all posts before replying:(

[Ixion]

If that number is form the url below, then it is registered , but including 'on hold'

The next bit down gives figures excluding 'on hold' (exempt, they call it) . Caomes to 96952. 100000 in round numbers.

Actual at any time will be somewhere between the two, as people put bikes on hold and take them off.

[StoneY]

ACC Levies
Motorcyle: $252.69
Moped: $58.97
Car: $168.46

Thanks NH, awesome stuff mate, bet that was easy to find and I have just been too fuzzy to dig today
My 'guestimate' figure was way too high I can see so lets revise

Motorcycles alone (if full year paid) = $25,637,169.00
Add ATVs to that, at 1,202,804.00 (providing they pay a Bike charge???)
Moped acct , $1,695,741 (and 30c)


$28,535,714 (and 30c) IF all paid a full year.......

I only pay for full years myself, never been bothered 'parking' rego as I like to be able to ride either bike at will

[Ixion]

Wouldn't be many if any ATVs licensed.

[Pixie]

I only pay for full years myself, never been bothered 'parking' rego as I like to be able to ride either bike at will

Pssst.......I'll let you into a secret....My bike still works when the rego's on hold.

Don't tell anyone.

[Ixion]

OK. I just got an answer on this from ACC.

The figures they have used are based on FULL YEAR EQUIVALENTS. ie if someone registers their bike for 6 months it counts as half a bike. On that basis the number of full year equivalent bikes is

0 to 125cc 27553

Number of mopeds accoridng to MoT = 25304 * 58.97 = 1,492176
Balance of 0 - 125 cc.................... = 2249 .. * 252.69 = 568229
125-600cc...................................= 20883
Plus 600+.....................................= 41891
.................................................. = 62774 * 252.69 = 15,862362

Total full year equivalent bikes = 90327. Reasonable validation to MoT data, allowing for some part year licensing

Total expected levy income $18,055462.

That's according to ACC's own figures. Might be very small differnces due to timing of receipts etc but in the thousands, max, not millions.

Which explodes totally the 12 million claim

This is the definitive figure for number of bikes and levy income.