New ACC motorcycle levies confirmed
The Government has pegged back big hikes to ACC levies proposed by the corporation, particularly for motorcyclists.
Confirming the new levies today, ACC Minister Nick Smith said registration rates for motorcycles would range from $327.70 to $426.92, compared with rates of between $511.43 and $745.77 under rates proposed by ACC. But that is still an increase of between $75 and $174 for the owners of petrol powered motorcycles.
Registration costs for petrol powered cars will rise to $198.46 – up about $30 on the current rate but less than the $272.72 proposed by ACC. For non-petrol cars, the rate has risen $311.38, up from $279.09.
The work levy has gone up to $1.47 for every $100 of payroll, compared with $1.31 now.
The earners levy has risen to $2 for every $100 earned, compared with $1.70 now.
Dr Smith said the levy increases were necessary because ACC’s claim costs had increased by 57 per cent in the past four years.
He said the Government had opted for more moderate motorcycle levy increases than ACC recommended but his message to motorcyclists was that the escalating costs of motorcycle accidents could not be ignored.
Cheers Corky
Christchurch, New Zealand
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