ACC-cuts-due-to-surplus

[Bald Eagle]

ACC Minister Nick Smith says reductions in levies (http://www.stuff.co.nz/national/politics/3852037/ACC-on-track-for-2b-surplus) for households are being considered because of improvements in the Corporation's accounts.
The board would look at the issue at a meeting today, he told Parliament's Transport and Industrial Relations Select Committee.
ACC was expecting a $2.5 billion surplus this financial year, he said.
A savings of $177 million in ACC's non-earners account was forecast for 2011/2012.
"Work and Earners' Accounts approaching full solvency gives room to consider levy reductions," Smith said.

[James Deuce]

Poppycock! ACC has ALWAYS had a surplus.

[Waxxa]

[echo]...BULLSHIT!

[Hopeful Bastard]

Link broken??


And where'd this major surplus come from??

Shouldn't it be given back to those that made it?

[James Deuce]

And where'd this major surplus come from??



The same place it always comes from Pinky; Businesses and individuals.

The reason ACC levies for bikes were raised was because the Government was attempting to change the funding model from a year to year basis with the surplus invested in the NZ economy in different ways to a self-sustaining insurance funding model where you amass enough capital to cover your liabilities in perpetuity.

What happened to that wee story?

[Banditbandit]

They're trying to buy votes from "workers" .. knowing that the biker community is unlikely to vote for them ... so why give them goodies ...?


Bastards ..

[Bald Eagle]

Link broken??


And where'd this major surplus come from??

Shouldn't it be given back to those that made it?

Link fixed (http://www.stuff.co.nz/national/politics/3852037/ACC-on-track-for-2b-surplus)

[Hopeful Bastard]

Thanks! :)

[Bounce001]

What a pack of bastards.

http://www.stuff.co.nz/business/industries/5186206/ACC-levies-to-be-reduced

Quote: "Workers and businesses will get a reduction in their ACC levies after the corporation – labelled insolvent by the Government two years ago – bounced back with an expected $2.5 billion surplus this financial year.

ACC Minister Nick Smith said the surplus was $1.5b greater than the budget projection. It followed a surplus of $2.5b in the last financial year after losses of $4.8 million in 2008-09 and $2.4b in 2007-08.

"The turnaround in ACC's finances results from improved rehabilitation, reduced claim numbers and better management costs, for which the board and staff deserve credit."

Translation: "We told everyone we were broke so we could hike the price up on vehicle levies and stop paying for injuries by telling them it was degeneration and now we are richer than ever before but nothing much will change".

[oneofsix]

What a pack of bastards.

http://www.stuff.co.nz/business/industries/5186206/ACC-levies-to-be-reduced

Quote: "Workers and businesses will get a reduction in their ACC levies after the corporation – labelled insolvent by the Government two years ago – bounced back with an expected $2.5 billion surplus this financial year.

ACC Minister Nick Smith said the surplus was $1.5b greater than the budget projection. It followed a surplus of $2.5b in the last financial year after losses of $4.8 million in 2008-09 and $2.4b in 2007-08.

"The turnaround in ACC's finances results from improved rehabilitation, reduced claim numbers and better management costs, for which the board and staff deserve credit."

Translation: "We told everyone we were broke so we could hike the price up on vehicle levies and stop paying for injuries by telling them it was degeneration and now we are richer than ever before but nothing much will change".

another translation is that all the workers they put the money aside for have pissed of to Aussie.

[oldrider]

The electorate should target "Nick Smith" negatively (exactly the same way as he targeted the electorate for his own political gain), this coming election!

The trouble is he hides within the party vote, even if he loses his seat, he cruises back in on the party list!

These guy's are harder to get rid of than a dose of the clap! :brick:

[waspnz]

Disgusting

[thepom]

Lying theiving gypsy bastards........

[BMWST?]

The electorate should target "Nick Smith" negatively (exactly the same way as he targeted the electorate for his own political gain), this coming election!

The trouble is he hides within the party vote, even if he loses his seat, he cruises back in on the party list!

These guy's are harder to get rid of than a dose of the clap! :brick:

maybe not,apparently he is seen as a bit of a rogue and a fanatic....(The Nation this morning)

[StoneY]

Yeah its only the accounts that are being opened to private competition that appear to be in good order according to the Minister

So no movement expected on the vehicle accounts despite the fact the annual report from ACC showed more collected than spent (which we always knew anyway)

Nothing new to see here team...........

[StoneY]

maybe not,apparently he is seen as a bit of a rogue and a fanatic....(The Nation this morning)

Gotta link to that?

[Spearfish]

Do we get a credit for the recent no crash weekend?

Probably not with more bikes regos on hold over the winter lowering the level of swill in the trough.

[StoneY]

Do we get a credit for the recent no crash weekend?

Probably not with more bikes regos on hold over the winter lowering the level of swill in the trough.

Funny enough there is a story in the Dom Post today about the huge increase in motorcycle and scroter sales this last 12 months (blamed on fuel prices) so.... I am starting to wonder at the accuracy of the rego on hold quotes and figures...........

I have 3 big bikes, one is on hold 2 are rego'd (Ducati is on hold coz its for sale)
I might just open a poll with 2 simple questions
How many bikes do you own?
How many are on hold or expired?

Wonder what the result will be................

[Spearfish]

Funny enough there is a story in the Dom Post today about the huge increase in motorcycle and scroter sales this last 12 months (blamed on fuel prices) so.... I am starting to wonder at the accuracy of the rego on hold quotes and figures...........

I have 3 big bikes, one is on hold 2 are rego'd (Ducati is on hold coz its for sale)
I might just open a poll with 2 simple questions
How many bikes do you own?
How many are on hold or expired?

Wonder what the result will be................

I could imagine those with a healthy museum of bikes in their garage would have some legally parked.

I've got 175 cc spread out unevenly over two machines with two rego's...two warrants.......two insurance bills.............far canal, :facepalm::facepalm::facepalm:what am I doing?

[oldrider]

Funny enough there is a story in the Dom Post today about the huge increase in motorcycle and scroter sales this last 12 months (blamed on fuel prices) so.... I am starting to wonder at the accuracy of the rego on hold quotes and figures...........

I have 3 big bikes, one is on hold 2 are rego'd (Ducati is on hold coz its for sale)
I might just open a poll with 2 simple questions
How many bikes do you own?
How many are on hold or expired?

Wonder what the result will be................

100% here, I have one and it's on hold! :mellow:

[Bald Eagle]

100% here, I have one and it's on hold! :mellow:

Same here :facepalm: doh you mean the bike

[thepom]

I,ve got four,one in bits on hold,two others on hold and up for sale and my africa is current but for sale too..............

[pete376403]

two bikes, both on hold. Also have sons FZR1000 round behind the shed, rego on thats expired (many times I told him to get it on hold, can't tell kids anything)

[The Lone Rider]

Dear Mr. Smith,

Please enclose a check to me for the difference I paid registering my vehicles, to what you actually needed. I understand you were broke. I am broke now.

-TLR

[StoneY]

two bikes, both on hold. Also have sons FZR1000 round behind the shed, rego on thats expired (many times I told him to get it on hold, can't tell kids anything)

There's an extra 300+ to re-certify the fazer then.......... yeah I hear that Pete ya cant tell em jack.....

[davereid]

100% here, I have one and it's on hold! :mellow:

LOL then I must be at 200%. Two bikes both on hold.

Better that it was, had 4 at one time.

Still, by not paying the fee, saving well over $1k a year, and been doing it for a few years now, so have to be $4-5k up. Might even buy a new bike with the savings :-)

I'll cheerfully pay $150 if I ever get caught, but the simple process of not getting caught appears to work very well.

[StoneY]

I'll cheerfully pay $150 if I ever get caught, but the simple process of not getting caught appears to work very well.

Its actually a 200$ fine Dave, but I get your maths.
I simply attract too much attention to run round un reg's or un warranted.....

[Winston001]

...the Government was attempting to change the funding model from a year to year basis ...to a self-sustaining insurance funding model where you amass enough capital to cover your liabilities in perpetuity.



And this is a bad thing how??

[davereid]

Its actually a 200$ fine Dave, but I get your maths.
I simply attract too much attention to run round un reg's or un warranted.....

Its gone down.

Its $200 from a meter maid.

Or $150 and 20 demerits from a cop. Amazingly good deal really, considering it has never happened in years.

If I bought another 4 or 5 bikes I would be saving even more !

[StoneY]

Its gone down.

Its $200 from a meter maid.

Or $150 and 20 demerits from a cop. Amazingly good deal really, considering it has never happened in years.

If I bought another 4 or 5 bikes I would be saving even more !

An issue I have recently spoken to TV1 about
The application of demerit points to a Tax revenue Collection issue is not IMO a good policy

Why should ones license be placed at risk over a tax issue?
Demerits have until recently only been reserved for safety related issues, where is the danger involved in someone not paying a tax fee?

Also, I thought this was not yet in effect?

[Banditbandit]

I might just open a poll with 2 simple questions
How many bikes do you own?
How many are on hold or expired?

Wonder what the result will be................

I have two - both over 600cc and both rego-ed ...

[oneofsix]

I have two - both over 600cc and both rego-ed ...

sneaky :yes: you just managed to put in a third, relevant, question. Guess StoneY's poll now needs 3 questions :)

BTW 1 over 600 and rego'd

[davereid]

An issue I have recently spoken to TV1 about
The application of demerit points to a Tax revenue Collection issue is not IMO a good policy

Why should ones license be placed at risk over a tax issue?
Demerits have until recently only been reserved for safety related issues, where is the danger involved in someone not paying a tax fee?

Also, I thought this was not yet in effect?

I asked the minister about it. 90% of unpaid fines are traffic fines, they simply don't get paid. So after consultation with the AA, he went for demerits. From 1 May apparently.

[StoneY]

I asked the minister about it. 90% of unpaid fines are traffic fines, they simply don't get paid. So after consultation with the AA, he went for demerits. From 1 May apparently.

It was not consultation with the AA that led to this, in fact I have seen documents showing that to be completely non factual
Will advise you on this thread when the show is going to air so you can judge for yourself

Edit: fact is it was Police who suggested demerits as a possible deterrent....

[Winston001]

I asked the minister about it. 90% of unpaid fines are traffic fines, they simply don't get paid. So after consultation with the AA, he went for demerits. From 1 May apparently.

Whatever the consultation the point is that increased demerits answers the critics who see speed enforcement as only revenue gathering.

Frankly I don't like either option and would rather see a higher speed limit.

[davereid]

It was not consultation with the AA that led to this, in fact I have seen documents showing that to be completely non factual
Will advise you on this thread when the show is going to air so you can judge for yourself

Edit: fact is it was Police who suggested demerits as a possible deterrent....

It may have been the police who suggested it.

But AA were consulted and supported it.

I have a letter from the Minister saying

"One of the innovations contained in the regulations related to demerit points for vehicle licensing offences, and my officials consulted the automobile association on that issue as the principle broad based motoring organisation. The AA was comfortable with the changes noting that it had submitted recently on transport legislation in support of a greater emphasis on demerit points"

[StoneY]

It may have been the police who suggested it.

But AA were consulted and supported it.

I have a letter from the Minister saying

"One of the innovations contained in the regulations related to demerit points for vehicle licensing offences, and my officials consulted the automobile association on that issue as the principle broad based motoring organisation. The AA was comfortable with the changes noting that it had submitted recently on transport legislation in support of a greater emphasis on demerit points"

Not what the OIA documents I have read state matey, but you know how politicians operate...smoke n mirrors

[davereid]

Yeah, it looks like my OIA gives different reasons to yours, which is unsurprising. I have some others which contradict themselves as well, which I intend using at a later time when I sense an opportunity lol.

[SPman]

5 bikes - all regoed, even with 2 under rebuild! Farkin hell, that's .....$1,100 in regoes!
Oh - that's right - it's only $215 a bike over here..........

[StoneY]

Yeah, it looks like my OIA gives different reasons to yours, which is unsurprising. I have some others which contradict themselves as well, which I intend using at a later time when I sense an opportunity lol.

when that opportunity raises its head Dave let the fed secretary know we can always get right behind the opportunity and make a combined assault on Fortress Beehive..........
:)

[akkadian]

3 bikes all regoed. Two over 600, one under. Won't be renewing them all next time around. Will just choose one to ride for three months and put the rest on hold.

[davereid]

when that opportunity raises its head Dave let the fed secretary know we can always get right behind the opportunity and make a combined assault on Fortress Beehive..........
:)

Look at my other thread.

I have OIA answers that show if we don't exercise the right to opt out of our details being available on the motor vehicle register, and we don't tell them we want opt out to mean opt out, then Wilson Parking, Freds Auto Mart, Veda, Bills finance company, and the fellow that wants your Ducatti or a fight with your bad driving girl friend will get your personal details handed to them on a plate.

If you do nothing else tonight, opt out :

https://transact.nzta.govt.nz/transactions/PersonalInfoAccess/entry.aspx

and email them and let them know you want opt out to mean my personal information is not to be sold, shared, or divulged. info@nzta.govt.nz

[Nzpure]

I have 2 bikes a 250 and a 1200 both are on hold.
So this $150 + 20 demerits has this come in or is coming in or what?
If they start doing that, thats bullshit demerits are ment to be for breaking road rules and shit not traffic fines soon you'll get 10 demerits for parking too long in a f^&kin parking spot......:facepalm:

[StoneY]

I have 2 bikes a 250 and a 1200 both are on hold.
So this $150 + 20 demerits has this come in or is coming in or what?
If they start doing that, thats bullshit demerits are ment to be for breaking road rules and shit not traffic fines soon you'll get 10 demerits for parking too long in a f^&kin parking spot......:facepalm:
-
Its already in effect due from May 1st

And I agree totally with what you said
So does BRONZ

Problem is getting this reversed will be nigh on impossible under sitting govt........

[davereid]

Stoney asked me to publish a link to my thread on losing the opt-out.

Resources here : http://nzprivacy.wordpress.com/2011/07/01/opt-out-to-be-lost-without-action/

Original thread here : http://www.kiwibiker.co.nz/forums/showthread.php/139437-Opt-Out-to-be-lost-without-support

[FastBikeGear]

Two bikes, 2 cars (one race car with Rego on hold), 1 motorhome and 1 van. I am the only person in the household with a license too drive the race car, motorhome and bikes.

[FastBikeGear]

Jonathan Ericksen, (an actuary and ACC lobbyist) has just claimed on National Radio that the higher ACC premium rates for motorcyclists will change behaviour and result in lower ACC costs in the future - What!? how will that change the way anyone rides? I suspect that the only change is that people will abandon their bikes for gas guzzling cars.

I emailed him this morning asking "How do you envisage that this will transpire? Is it that you see that Motorcyclists will change their riding behaviour or maybe that car drivers will alter their driving so as to damage less motorcyclists or is it that you see the higher ACC costs will reduce the number of Motorcyclists on the road."

He has very kindly responded "Unfortunately I don’t think car travellers will look out for motorbikes nor cycles as well as they should. The higher cost of ACC will reduce the number of bikes on the road, hence my comments."

Now don't shoot the messenger, John is not the enemy. I think Jonathan is just being an honest commentator. He is not saying that this is a good or bad thing.

But I think he is right.

It is possible that the ACC levy increases for motorcyclists may have been partly influenced by a National Party agenda to reduce the number of motorcycles on the road in order to reduce costs and show an improvement in fatality statistics during their tenure in government.

[Dadpole]

It is possible that the ACC levy increases for motorcyclists may have been partly influenced by a National Party agenda to reduce the number of motorcycles on the road in order to reduce costs and show an improvement in fatality statistics during their tenure in government.

I think we may have noticed this.

[StoneY]

Was just asked to add more specific comment for TV1
So down the road I went to meet the reporter (nice bloke) and the cameraman (another nice bloke) so lets see what the journo's make of this tonight on One news

[Captain_Salty]

anyone found a link to that interview?

[oldrider]

Was just asked to add more specific comment for TV1
So down the road I went to meet the reporter (nice bloke) and the cameraman (another nice bloke) so lets see what the journo's make of this tonight on One news

Well, overall I didn't think it was a good look for motorcycling's case! JMHO :no: http://tvnz.co.nz/national-news/high...-4300323/video

[pete376403]

Well, overall I didn't think it was a good look for motorcycling's case! JMHO :no: http://tvnz.co.nz/national-news/high...-4300323/video

Sorry quoting the wrong post.

However- Two good interviews on RNZ nine to noon with John Erikson and Rod Oram, both commenting on ACC

http://www.radionz.co.nz/national/programmes/ninetonoon/20110712
Listen also to the one at 11:06 with Rod Oram

Both (politely) call Smith a lying sack of shit.

[StoneY]

C'mon Olds what did they expect to be the result of this rort on our lifestyle?
Mad Mike is a classic case mate, he was a legal beagle till the hikes came along

I for one would not follow his plan, my KTM and Ducati are way to valuable to risk the insurance etc but mate that old CBX650 of his ....hehehehe I loved it TBH

whats pissed me off is I had a gorgeous, short, pointed statement about demerits and revenue collection, spent 15 minutes in a freezing southerly on the Terrace, and had my 3 second soundbite edited to their needs to show for it

Bah...free press my ass.

Vote em out, restore the balance, StoneY for PM I say!!!!!

I would:
End sickness benefit entitlements for drug addicts (get clean or fuck off)
Support Solo Mums but make em train for the real world and get a job when kids are about 10-11 years old
Make Motorcycles FREE rego and FREE ACC levy due to being overtargeted victims of other motorists, and ensure we have free parks at our workplaces by law
Make being a Tory a criminal offense punishable by death
Make overseas residents with unpaid student loans outlaws devoid of the protection and rights of NZ citizenship
Free the weed (medicinally of course)
4 day working week (but 10 hour days get the fuck over it)
Employ 2x as many early childhood teachers as we have now, and double the number of primary schools in existence, pay teachers what they deserve
Ban unions
Make minimum wage for all workers 16$ph (but fuck me they better godamn work!)
Get rid of all politicians rent/property perks...(for fuck sake if you cant rent ya own apartment on a 140k salary what the fuck are ya doing running my country)
Remove travel perks for family of MP's
Free the weed (medicinally...oh yeah said that)
Make it treason to sell land, businesses or national infrastructure to any foreigners (except maybe our Aussie mates, they can take landhold leases but that's IT)
make it LAW that you have to have a class 6 license and 25,000kms on a signed and endorsed logboook before you're allowed to get a cage license

Finally......
Chain Gangs
Why pay labourers to fix roads, empty trash, work the dumps?


TUI ANYONE?

[DEVVIL]

Well, overall I didn't think it was a good look for motorcycling's case! JMHO :no: http://tvnz.co.nz/national-news/high...-4300323/video



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[Captain_Salty]

http://tvnz.co.nz/national-news/high-rego-costs-create-outlaw-bikers-4300323/video

[pete376403]

I for one would not follow his plan, my KTM and Ducati are way to valuable to risk the insurance etc but mate that old CBX650 of his ....
WRT insurance - this from State when I enquired about insurance and lapsed or on hold registration. I asked:
With regards to motor vehicle insurance - if a vehicle which is covered by a current State Insurance policy is involved in an accident and the registration of that motor vehichle is not current, would that be grounds for State to deny insurance cover? Could you please quote the relevant section of the policy in your reply.

In regards to your online enquiry :

If a vehicle has an accident when its registration is not up to date we would still consider the claim on a without prejudice basis.
If the vehicle in question was not at fault for the accident then we would accept the claim (if everything else was OK) as your vehicle being on the road was not causative to the accident.
If you think your vehicle was at fault then it is possible your claim would be accepted but we would need to discuss the exact circumstances with you to determine this.

In any case the best option is to contact State on 0800 80 24 24 and speak to one of our claims consultants who can help with your query.

Policy Wordings to take note of :

This is under Exclusions that apply to the whole policy:

Unsafe or unroadworthy
You’re not covered if the vehicle is being used in an unsafe or unroadworthy condition, and:
1. the condition of the vehicle contributed to loss or liability,
and
2. the driver should have been aware of that condition and that the condition could result in damage to the vehicle.

[DEVVIL]

http://tvnz.co.nz/national-news/high-rego-costs-create-outlaw-bikers-4300323/video
Thanks Bling bling

[StoneY]

WRT insurance

Yeah Pete my insurance company is the same in fact they told me NOT to pay the rego, quote 'fuck the levies, them bastard hit us in our pocket too'

I prefer to not rely on a loophole with my near 30k worth of machinery is all old friend but thanks for tabling that information for those as yet unaware your claim does not rely on being rego's BUT it DOES require your vehicles is up to WOF standards

[spannermad]

This may not be correct, but if it is someone needs shot.
This info came from my son at Otago uni, part of his masters in economics.
ACC has bulk funds invested in property in Aussie, malls, land etc. The revenue from this was/is supposed to be used to fund normal ACC costs for us poor Kiwis. But over the last couple of years this revenue has been diverted to reinvestment and to pay huge corperate bonuses to some of the top ACC shiny arses. 2009/2010 financial year just over $1.4 billion didn`t make it back into the ACC coffers.
Someone is making a shit load of money at our expence.

[Spearfish]

Yeah Pete my insurance company is the same in fact they told me NOT to pay the rego, quote 'fuck the levies, them bastard hit us in our pocket too'

I prefer to not rely on a loophole with my near 30k worth of machinery is all old friend but thanks for tabling that information for those as yet unaware your claim does not rely on being rego's BUT it DOES require your vehicles is up to WOF standards

Is WoF standard having the actual sticker as far as insurance Co's go?
Just thinking mopeds aren't stickered, but can be pinged for not being at WoF std.

[Berries]

whats pissed me off is I had a gorgeous, short, pointed statement about demerits and revenue collection, spent 15 minutes in a freezing southerly on the Terrace, and had my 3 second soundbite edited to their needs to show for it

Bah...free press my ass.
It is always going to be a no win situation. The angle the media is going to take can change at whim, and a 15 minute chat about any topic can be edited to make you look like a genius or a twat. Of course, if you don't want to play their game there is always some one who will. My non riding wife said that "that feral fucking dropkick" didn't help the cause. (She meant Mike btw, won't say what she said about Stoney).

You can't blame old Mikey for being who he is. The media put him on tv. I think he should be the 'face' of the next campaign. We could raise funds by selling 'paint your own number plates'.

[StoneY]

It is always going to be a no win situation. The angle the media is going to take can change at whim, and a 15 minute chat about any topic can be edited to make you look like a genius or a twat. Of course, if you don't want to play their game there is always some one who will. My non riding wife said that "that feral fucking dropkick" didn't help the cause. (She meant Mike btw, won't say what she said about Stoney).

You can't blame old Mikey for being who he is. The media put him on tv. I think he should be the 'face' of the next campaign. We could raise funds by selling 'paint your own number plates'.

Lovin ya wifes work mate!

I'm sure she said I am a handsome bugger and was ripped off by the reporters and editors huh???

Mike is a bloody good bloke who just decided to take it to a higher level than many of us have the balls to take it to.... I met him at the BIKEOI.

While I don't personally condone the choice he made, I respect it as his choice/risk to take

:-)

[Berries]

I'm sure she said I am a handsome bugger and was ripped off by the reporters and editors huh???
Nah, something along the lines of looking like Ogri.

[Renegade]

well i dont think that chap came across to bad.

Id like to see a rep from this new motorcycle committee front up for a debate about acc finances and systematically destroy dick smith in a public arena with hard facts on the funding, assets, bonuses and spending of acc.

really get stuck into him and show him up because its clear when he is interviewed that he is guessing answers for the half arsed questions put to him by the media.