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Accident Compensation Act 2001

Entitlements and related matters - Indexation of other entitlements

116: Indexation of lump sum compensation, funeral grant, survivor's grant, and child care payments

You could also call this:

"Updating payment amounts for different types of ACC compensation"

The Corporation (ACC) must change the amounts of money for some types of compensation. These include lump sum payments, funeral grants, survivor's grants, and child care payments. The amounts are listed in specific parts of Schedule 1 of the Act.

The Corporation has to adjust these amounts based on a special formula. This formula looks at how prices of goods and services change over time, which is measured by the Consumers Price Index. The government decides when these changes should happen.

When the Corporation makes these changes, they need to tell everyone about it. They can do this in any way they think is best to make sure claimants and the public know about the new amounts.

Sometimes, the Corporation doesn't have to change the amounts. This happens if the change in prices is very small. The government decides how small is too small to make a change.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM101480.

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Part 4Entitlements and related matters
Indexation of other entitlements

116Indexation of lump sum compensation, funeral grant, survivor's grant, and child care payments

  1. The Corporation must adjust the amounts specified in clauses 56, 64, 65, and 76 of Schedule 1 in the manner specified in subsection (2).

  2. Any adjustments required by subsection (1) must—

  3. be in accordance with a prescribed formula or prescribed formulas relating to movements in the Consumers Price Index; and
    1. have effect from the prescribed date or dates; and
      1. must be published by the Corporation in such manner as it thinks appropriate to bring the adjustments to the attention of claimants and the general public.

        1. The Corporation is not required to adjust any amount under subsection (1) if—

        2. the prescribed formula specifies a minimum movement in the Consumers Price Index; and
          1. the movement in the Consumers Price Index is less than the minimum movement specified.

            Notes
            • Section 116(2)(a): amended, on , by section 107(1) of the Data and Statistics Act 2022 (2022 No 39).
            • Section 116(3)(a): amended, on , by section 107(1) of the Data and Statistics Act 2022 (2022 No 39).
            • Section 116(3)(b): amended, on , by section 107(1) of the Data and Statistics Act 2022 (2022 No 39).