ACC levies reviewed after election
ACC accounts have had a massive increase in liability mainly because of declining interest rates but levies won’t be raised before the election. A lower interest rate environment means less income from ACC’s investments and an increase in future claims liabilities. Last year ACC reported its largest-ever deficit, over $8 billion, and during lockdown the deficit figure became highly volatile. ACC will review levies again after the election when it has stronger information on costs and returns.