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31 Aug 2025 16:49
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  •   Home > News > Business

    ACC estimates an accounting change agreed by the Government means it will pay out seven billion dollars less in claims

    ACC estimates an accounting change agreed by the Government means it will pay out seven billion dollars less in claims


    It won't mean any reduction to levies on households and businesses.

    ACC lawyer and researcher Warren Forster says ACC funding has been increasingly steadily over the past 25 years.

    But he says the gap between what it has and what it needs has been growing.

    He says it's been recalculated and now is back in the same territory as previous years.

    © 2025 Newstalk ZB, NZCity

     Other Business News
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     30 Aug: Hopes the Reserve Bank Chair's decision to step down will put an end to the debacle surrounding the former Governor's resignation
     30 Aug: Meridian and Nova Energy have finalised a joint venture for a solar farm near Taupo - set to be one of the largest in New Zealand
     29 Aug: Reserve Bank Chair Neil Quigley has resigned
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     Top Stories

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    Damning claims from a former Welsh rugby international about New Zealand Rugby Players Association boss Rob Nichol More...


    BUSINESS BUSINESS
    A road freight association's raising concerns a yet-to-be-strengthened Hawkes Bay bridge's costing the region millions More...



     Today's News

    Law and Order:
    The wife of a gunman who allegedly killed two police officers in rural Victoria last week, has urged her husband to surrender 16:17

    Rugby:
    Damning claims from a former Welsh rugby international about New Zealand Rugby Players Association boss Rob Nichol 16:07

    Rugby:
    22-year-old hooker Jack Taylor is hoping to replicate Southland rugby greats of years gone by when they tackle Waikato in their Ranfurly Shield NPC contest in Hamilton this afternoon 15:27

    Motoring:
    A switch to NASCAR has helped motorsport ace Shane van Gisbergen find his passion for the sport again 15:17

    International:
    Molly's death scene on A Country Practice is iconic. Anne Tenney and Shane Withington have never spoken together till now 15:07

    Health & Safety:
    A record number of cases of bacterial disease leptospirosis were recorded in 2023 14:07

    Law and Order:
    A person's been arrested for throwing a bottle at a Police vehicle during a crack down on anti-social road users in Manawatu 13:47

    Rugby:
    All Black Caleb Clarke has explained his leadership role as a senior player in a struggling Auckland NPC side 13:37

    Motoring:
    State Highway 50, in Central Hawkes Bay, is closed following a serious crash 13:27

    Law and Order:
    Police seize more than $70m in tobacco and vape products in historic bust 12:47


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