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Accident Compensation Act 2001

Management of the Scheme - Work Account

167: Application and source of funds

You could also call this:

"Where the money comes from and goes to for work injuries"

The Work Account is a fund that helps pay for benefits for people who get hurt at work. It's used to help employees, people who work in private homes, and people who work for themselves.

This account pays for injuries that happened at work after 1 July 1999. It also pays for some injuries that happened before that date, which used to be covered by a different account.

The money for the Work Account comes from different places. Employers, private home workers, and self-employed people pay fees called levies. Some money also comes from old insurance contracts and premiums.

The Work Account pays for many things. It covers benefits for work injuries, pays for old insurance contracts, and helps people who used to get money from other accounts. It also pays for running the account and doing checks on workplace safety.

The government can make rules about how much of the fees should go to different parts of the Work Account. These rules can be for different time periods and can split the money between old and new responsibilities.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM101870.

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Part 6Management of the Scheme
Work Account

167Application and source of funds

  1. The purpose of the Work Account is to—

  2. finance entitlements provided under this Act by the Corporation to employees, private domestic workers, and self-employed persons for work-related personal injuries; and
    1. finance the following entitlements that are required to be provided in respect of persons whose entitlements would have been provided from the Employers' Account under the Accident Rehabilitation and Compensation Insurance Act 1992:
      1. entitlements for work injuries (as defined in the Accident Rehabilitation and Compensation Insurance Act 1992) suffered before 1 July 1999; and
        1. entitlements for non-work injuries to earners suffered before 1 July 1992.

        2. The funds for the Work Account are to be derived from—

        3. levies payable under sections 168, 168A, 168B, and 211 by employers, private domestic workers, and self-employed persons; and
          1. payments made to the Corporation in respect of obligations taken on by the Corporation under section 7 of the Accident Insurance (Transitional Provisions) Act 2000 in relation to the accident insurance contracts of employers and private domestic workers, and for self-employed persons; and
            1. premiums continued by or payable under Part 11.

              1. The funds in the Work Account must be applied to meet the costs of—

              2. entitlements in respect of employees, private domestic workers, and self-employed persons for work-related personal injuries; and
                1. entitlements in respect of obligations, under accident insurance contracts of employers and private domestic workers, and for self-employed persons, taken on by the Corporation under section 7 of the Accident Insurance (Transitional Provisions) Act 2000; and
                  1. entitlements that are required to be provided in accordance with Part 11 in respect of persons whose entitlements would have been provided from the Self-Employed Work Account under the Accident Insurance Act 1998; and
                    1. entitlements in respect of employers, private domestic workers, and self-employed persons that, immediately before 1 April 2007, would have been funded from the Self-Employed Work Account or the Employers' Account; and
                      1. entitlements that, immediately before the commencement of section 21 of the Accident Compensation Amendment Act 2010, would have been funded from the Residual Claims Account as it was immediately before that commencement; and
                        1. administering the Account; and
                          1. audits and assessments referred to in sections 174D and 175; and
                            1. any other expenditure authorised by this Act.

                              1. Regulations made under this Act may prescribe, in relation to a prescribed period, a portion of the levies payable under sections 168, 168A, 168B, and 211 to provide for or, to the extent that it is necessary, to provide separately for,—

                              2. the purposes of subsection (3)(a) to (d) and (f) to (h):
                                1. the purposes of subsection (3)(e), (f), and (h).

                                  1. Those regulations may also relate to the same or different prescribed periods.

                                  Notes
                                  • Section 167: substituted, on , by section 15 of the Accident Compensation Amendment Act 2010 (2010 No 1).
                                  • Section 167(3)(g): replaced, on , by section 6 of the Accident Compensation Amendment Act 2015 (2015 No 71).
                                  • Section 167(4)(b): amended, on , by section 336A(2)(a).