ACC
Over the past two years, ACC has been successful in managing its quickly escalating costs. This has resulted in the Government needing to contribute $638 million less to the non-earners' account over the next four years than previously projected.
ACC members in other accounts will also benefit over time, with future levies also being lower as a result of the cost savings within the scheme.
The ACC scheme has not yet reached maturity, which means that more claims are entering the scheme than exiting, and therefore it is expected to grow above CPI inflation. However, ACC is continuing to develop initiatives targeting the most significant cost drivers that they consider will have potential to further reduce costs and lower the growth rate.
