Otago Chamber of Commerce
chief executive John Christie is lamenting the "sad state" of
ACC's accounts, and wondering how they got as bad as he
expects them to be when the Government makes its announcement
on levy changes today.
Today, ACC minister Nick Smith
is expected to announce that levies will rise and
entitlements will be cut. Sandra Buchanan takes a critical
look at the proposed reduction in counselling through the
Sensitive Claims Unit.
ACC's future is at risk, chairman John Judge said today when
announcing its liability ballooned by $4.8 billion in the
year to June 2009 driven by increased claims, declining
rehabilitation and more realistic assessments of costs.