The monkey obsessed gentleman is correct.
ACC doesn't really have bugger all debtors and it would be hard for it to have much bad debt. Money is collected for it by IRD and LTNZ, or paid direct by the government
The so called "deficit" is an accounting fiction, which is based on the premise that "If you went out of business tomorrow and nobody paid you any more money, you'd be in shit". But that's not ever really going to happen, because ACC is a government entity. It can't go out of business unless the government goes out of business.
One could just as easily postulate that WINZ has a massive deficit, with no reserves at ll.
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