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Accident Compensation Act 2001

Management of the Scheme - Purchase of weekly compensation for periods outside employment

225: Levies for persons who purchase weekly compensation

You could also call this:

"You pay extra money when you buy weekly payments for time off work"

You need to pay a levy if you buy weekly compensation for times when you're not working. The money from these levies goes into the Earners' Account.

The government can set the amount you need to pay in rules called regulations. If they haven't set an amount, ACC will decide how much you should pay.

When they decide how much the levy should be, they try to make sure it's enough to cover the costs of the weekly compensation that people have bought for that year.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM102847.

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224: Compensation for persons who purchase weekly compensation, or

"Money for people who buy weekly payments from ACC if they get hurt and can't work"

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226: Resumption of employment by persons who purchased weekly compensation, or

"Returning to work after buying weekly payments: What happens to your compensation"

Part 6Management of the Scheme
Purchase of weekly compensation for periods outside employment

225Levies for persons who purchase weekly compensation

  1. Levies collected under section 223(2) are to be used to fund the Earners' Account.

  2. The levy payable may be prescribed in regulations made under this Act and must be assessed by the Corporation in any case where no levy is so prescribed.

  3. Levies are to be prescribed or assessed with the aim of their being sufficient to fully fund the costs arising from the rights purchased under section 223 in that year.