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Accident Compensation Act 2001

Management of the Scheme - Purchase of weekly compensation by self-employed persons

211: Levies for self-employed persons who purchase weekly compensation

You could also call this:

"Self-employed people pay fees for weekly accident payouts"

If you're self-employed and you choose to buy weekly compensation, you need to pay a special fee called a levy. The Corporation decides how much this levy is, based on rules set by the government.

The goal of these levies is to make sure there's enough money to cover the costs of the weekly compensation that self-employed people buy. When figuring out these costs, the Corporation thinks about things like how risky your job is and how much compensation you want to buy.

The Corporation has to keep track of some important information about this weekly compensation for self-employed people. They need to count how many people buy it, how much it costs to provide it, and whether the compensation is being used for injuries that happen at work or outside of work. They have to report this information separately from other things they do.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM102814.

Topics:
Work and jobs > Worker rightsWork and jobs > Workplace safetyHealth and wellbeing > Healthcare services
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210: Effect of agreement, or

"Agreement lets self-employed people get money if they're hurt and can't work"

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212: Earner levies for self-employed persons who purchase weekly compensation, or

"Self-employed people who buy extra protection still need to pay the regular earner levy"

Part 6Management of the Scheme
Purchase of weekly compensation by self-employed persons

211Levies for self-employed persons who purchase weekly compensation

  1. A self-employed person who purchases weekly compensation under section 209 must pay a levy determined by the Corporation in accordance with regulations made under this Act.

  2. The aim of levies payable by persons who purchase weekly compensation under section 209 is that they are sufficient to fully fund the costs arising from the purchase of compensation in the relevant period and, in calculating those costs, regard may be had to the variables of risk and level of compensation purchased.

  3. In reporting under section 278, the Corporation must separately account for and report on—

  4. how many persons purchase weekly compensation under section 209; and
    1. the costs incurred in respect of the provision of weekly compensation under section 210; and
      1. the extent to which payments of weekly compensation relate to work-related injuries or non-work injuries.