Yes and no.
They've already gone "fully funded" so you mean the same model as it used to be, not as it is now.
We of the now are actually being screwed for money four ways:
1. We pay each year for that years accidents.
2. We pay extra each year for the future costs of those accidents ("fully funded").
3. We pay extra each year for the residual fund (to pay the ongoing costs of accidents that occured in the past (pre 1999), before "full funding", i.e. to "catch up" on the "full funding").
4. AND we pay extra each year because they didn't collect enough for "full funding" in the years since 1999.
Over half of the money they "need" is in classes 3. and 4. above.
Apparently page 15 of the consultation document shows that our ACC fees will go back down after the "fully funded" "catch up" is complete, because they'll stop having to collect that extra money.
I'd believe that (dropping fees) when I saw it.
Since the "catch up" is simply the result of a change in policy, it'd be way "fairer" for that to come from general ACC collection, rather than lumping it all on the singled-out group (us) seemingly all at once.
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