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Accident Compensation Act 2001

Management of the Scheme - Earners' Account

218: Application and source of funds

You could also call this:

"How money is collected and used for non-work injuries"

In this law, a non-work injury is a personal injury that's covered by this Act, but it's not a work-related injury, a motor vehicle injury, or a treatment injury.

The Earners' Account is set up to pay for benefits for earners who get non-work injuries. The money for this account comes from different places. People pay levies, and some non-earners can buy weekly compensation. The account also gets money from some old insurance contracts.

The Earners' Account pays for several things. It covers benefits for earners with non-work injuries and some treatment injury costs. It also pays weekly compensation for certain people and covers some old claims from previous laws.

The account money is also used to run the account and pay for other things the law allows.

The government can make rules about how much of the levies should go to different parts of the account. They can decide how much should go to the main benefits, and how much should go to older claims and running the account.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM102831.

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Part 6Management of the Scheme
Earners' Account

218Application and source of funds

  1. In this section, unless the context otherwise requires, non-work injury means a personal injury covered by this Act other than—

  2. a work-related personal injury; or
    1. a work injury within the meaning of the Accident Rehabilitation and Compensation Insurance Act 1992; or
      1. a motor vehicle injury; or
        1. a treatment injury.

          1. The purpose of the Earners' Account is to finance entitlements provided under this Act in respect of personal injury to earners who suffer personal injury that is a non-work injury.

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

          3. levies payable under section 219 (including premiums payable by virtue of Part 11); and
              1. levies payable by persons under section 223 (the purchase of weekly compensation by non-earners); and
                1. payments made to the Corporation in respect of obligations for non-work injury taken on by the Corporation under section 7 of the Accident Insurance (Transitional Provisions) Act 2000 in relation to accident insurance contracts for self-employed persons.

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

                  2. entitlements in respect of earners who have cover for personal injury that is a non-work injury; and
                    1. entitlements required to be funded in accordance with section 228 (the Treatment Injury Account); and
                      1. weekly compensation required to be provided to a person covered by section 223; 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 Earners' Account under the Accident Insurance Act 1998; and
                          1. entitlements in respect of obligations for non-work injury taken on by the Corporation under section 7 of the Accident Insurance (Transitional Provisions) Act 2000 in relation to accident insurance contracts for self-employed persons; and
                            1. claims that would have been provided from the Earners' Account under the Accident Rehabilitation and Compensation Insurance Act 1992; and
                              1. administering the Account; 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 to provide for or, to the extent that it is necessary, to provide separately for,—

                                  2. the purposes of subsection (4)(a) to (e), (f), and (g):
                                    1. the purposes of subsection (4)(ea), (f), and (g).

                                      Notes
                                      • Section 218(1)(d): substituted, on , by section 37 of the Injury Prevention, Rehabilitation, and Compensation Amendment Act (No 2) 2005 (2005 No 45).
                                      • Section 218(3)(b): repealed, on , by section 28(1) of the Accident Compensation Amendment Act 2010 (2010 No 1).
                                      • Section 218(4)(b): amended, on , by section 13(1) of the Injury Prevention, Rehabilitation, and Compensation Amendment Act 2007 (2007 No 8).
                                      • Section 218(4)(ea): inserted, on , by section 28(2) of the Accident Compensation Amendment Act 2010 (2010 No 1).
                                      • Section 218(5): substituted, on , by section 28(3) of the Accident Compensation Amendment Act 2010 (2010 No 1).
                                      • Section 218(5)(b): amended, on , by section 336C(2)(a).