13 Oct 2011

ACC minister confirms levy reductions

1:55 pm on 13 October 2011

ACC Minister Nick Smith has confirmed a reduction in levies for workers and businesses next year.

Levies for employees will drop from $2.04 to $1.70 for every $100 earned.

Employers and the self-employed will pay $1.15, down from $1.47.

Dr Smith announced the proposed reductions earlier in the year. Motor vehicle levies on vehicles and petrol will not be reduced.

The reduced levies will come into effect from 1 April next year.