ACC faces $1b revenue shortfall, levy increases likely in 2025

Summarised by Centrist

ACC must raise levies to cover a $1 billion revenue gap, with rates potentially increasing by up to 20%. ACC plans to collect $4.7b in levies for the 2025/26 year. “The financial sustainability of the scheme is under pressure,” ACC revealed in a briefing. Levies on motor vehicles, work, and earners’ accounts will all rise, with consultation on the changes running until October 9.

Read more over at RNZ