‘The only way to make sense out of change is to plunge into it, move with it, and join the
dance.’ Alan Watts
ACC
Workers and employers will pay $387 million less in ACC levies in 2014/15. This affects the Earners Account (paid by workers) and the Work Account (paid by employers). The ACC earner levy rate decreases from 1.70% to 1.45% (including GST).
| Work Account Average levy (per $100 of liable earnings, inc GST) | $1.09 |
| Earners’ Account levy (per $100 of liable earnings, inc GST) | $1.45 |
Maximum and minimum amounts for earnings have also been adjusted:
| Who | What | Increases | ||
| from | to | |||
| employees and private domestic workers | maximum liable earnings | |||
| Work Account Levy | current portion | $116,089 | $118,191 | |
| residual portion | $113,768 | 116,089 | ||
| self employed workers | minimum liable earnings | $28,080 | $28,600 | |
| maximum liable earnings | $113,768 | $116,089 | ||
The amount ACC contributes to services under the Cost of Treatment Regulations increases by 1.78% from 1 April 2014.
