Tax Facts
ACC Premiums
Employer invoicing by ACC takes place
in July and is based on employee earnings for the year
ended 31 March.
Your ACC Premium consists of:
 |
ACC Workplace Cover Levy - your
classification unit rate x each $100 of liable earnings.
|
|
Residual Claims Levy - your residual
claims levy rate x each $100 of liable earnings.
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|
Health and Safety in Employment Levy
- 5c x each $100 of liable earnings. |
The Classification Unit Rate is based
on the actual cost of work-related injuries that occur
within your classification unit. A classification unit
is a group of businesses that operate within a similar
industry.
The Residual Claims Levy Rate covers
ongoing costs for old injuries that occurred before
1999. In 1999 the ACC funding was changed to cover the
full lifetime costs of injuries that occurred in that
year.
The IRD provide ACC with relevant earnings data from
employer monthly schedules. From this information, ACC
calculates the total levies due.
For more information on ACC premiums just give us a
call or visit the ACC
website.
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ACC Premiums
