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Accident Compensation Act 2001

Management of the Scheme - Financial management

166: Separate Accounts

You could also call this:

"ACC keeps different accounts for different types of injuries and claims"

The Corporation needs to keep and run different accounts for different purposes. You should know about these accounts:

  1. A Work Account for the purpose explained in section 167.

  2. A Motor Vehicle Account for the purpose explained in section 213.

  3. An Earners' Account for the purpose explained in section 218.

  4. A Non-Earners' Account for the purpose explained in section 227.

  5. A Treatment Injury Account for the purpose explained in section 228.

This part of the law and Part 7 are about how these accounts should be managed.

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165: Duty of Corporation, or

"ACC's duties: deciding claims, giving benefits, and managing money"

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166A: Principles of financial responsibility in relation to Accounts, or

"Rules for keeping ACC's money fair and steady"

Part 6Management of the Scheme
Financial management

166Separate Accounts

  1. The Corporation must maintain and operate—

  2. a Work Account for the purpose set out in section 167:
        1. a Motor Vehicle Account for the purpose set out in section 213:
          1. an Earners' Account for the purpose set out in section 218:
            1. a Non-Earners' Account for the purpose set out in section 227:
              1. a Treatment Injury Account for the purpose set out in section 228.

                1. This Part and Part 7 apply in respect of the management of the Accounts.

                Notes
                • Section 166(1)(a): amended, on , by section 13(1) of the Injury Prevention, Rehabilitation, and Compensation Amendment Act 2007 (2007 No 8).
                • Section 166(1)(b): repealed, on , by section 14 of the Accident Compensation Amendment Act 2010 (2010 No 1).
                • Section 166(1)(c): repealed, on , by section 13(1) of the Injury Prevention, Rehabilitation, and Compensation Amendment Act 2007 (2007 No 8).
                • Section 166(1)(g): amended, on , by section 13(1) of the Injury Prevention, Rehabilitation, and Compensation Amendment Act 2007 (2007 No 8).