See how he's signed this letter. Poor bugger can't work out who he works for (Last week it was ACC Insurance now he's gone back to working for just the ACC).
Hope he can find the right building when he goes to work.
Read here
OPINION: David Flett and Kim Naylor (Letters, Nov 24) suggest some ACC levy payers, mainly motorcyclists, are being singled out for levy increases.
That's not true. ACC proposes increases for almost all levy payers this year. That will include others with high risks, such as cyclists or rugby players, who will pay increased levies through the earners' levy that all workers pay to cover non-work injuries. Mr Flett asks why ACC is increasing levies when it has investment assets of $11 billion. The answer is that these assets are needed to cover ACC's $24b in future liabilities.
ACC uses its investment and levy income not just to cover new claims each year but also to cover the ongoing costs of previous claims. ACC's future liabilities are growing faster every year than its investment assets, meaning increased income also has to come from levies.
ACC is, of course, also trying to control the liability growth.
Kim Naylor suggests levies have reached too high a level. ACC has acknowledged the increases might be unpalatable, especially in the current economic climate. However, we remain convinced that levy increases of this scale are needed to ensure the scheme's sustainability.
KEITH McLEA
General manager, ACC
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