ACC Premiums

Fast Facts

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.
• 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 occured in that year.

The IRD provide ACC with relevant earnings data from employer monthly schedules.  From this information, ACC calculates the total levies due. 

Wood Walton has more information to assist you so please Contact us.

ACC Experience Rating Programme

Experience rating takes into account the claims history of your business.  ACC look at you and your employees' work claims from the three year period, known as the experience period in order to determine how experience rating will affect your business.  So, for this year year (2011/12 levy year) ACC look at the claims made between 1 April 2007 and 31 March 2010.

Experience rating is applied in one of two ways, depending on the amount your business pays in ACC levies each year:

• No-Claims Discount Programme:
  • Annual ACC Work Levy - you or your business pays less than $10,000 per annum for all or any of the three years in the experience period.
  • Maximum possible loading/discount - the maximum discount or loading to your Work Levy* will be +/- 10 percent as a result of your claims history.
• Experience Rating  Programme:
  • Annual ACC Work Levy - your business or business group pays an annual Work levy of $10,000 or more per annum for each of the three years in the experience period.
  • Maximum possible loading/discount - the maximum adjustment to your Work Levy* will be up to +/- 50 percent depending on your claims history.