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More ACC levy cuts in store

NZ Newswire logoNZ Newswire 21/05/2015

This year's budget signals more cuts to ACC levies.

* ACC levies already reduced by $1.5 billion since 2012

* Budget allows for further cuts of $375m in 2016 and an additional $120m in cuts in 2017

* Cuts will cover all levied accounts, reducing annual costs for businesses, workers and motor vehicle owners

* Example: The average motor vehicle levy, including the annual licence fee and petrol levy, could fall to around $120 in 2016 - about a third of what it is now.

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