INDEPENDENT NEWS

ACT Leader Welcomes Moves To Introduce Competition To ACC

Published: Tue 21 Dec 2010 12:27 PM
ACT Leader Welcomes Moves To Introduce Competition To ACC
ACT Leader Rodney Hide today welcomed the release of the Stocktake Report and Financial Condition Report on ACC and the agreement in principle by the Government to provide employers with competition and choice in purchasing workplace insurance.
“This decision reflects the September 2009 agreement reached between ACT and National to work towards opening the ACC 'Work Account' to competition,” said Mr Hide.
“The Stocktake Report concluded that competitive private delivery of the ACC scheme is necessary to improve the financial performance of ACC, provide better incentives to reduce accident rates, and remove the risk from employers and other levy payers of further levies in future to meet the costs of unfunded liabilities.
"The case for competition is overwhelming and it is pleasing to see that progress is being made,” said Mr Hide.
ENDS

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