Accident Compensation Act 2001

Accident Compensation Corporation - The Corporation

264: Money expended or received for injury prevention to be managed through Accounts

You could also call this:

"ACC manages injury prevention money through special accounts"

The Corporation has to handle money for preventing injuries in a specific way. When they get money for this purpose, as mentioned in section 263(3)(b) and (c), they need to put it into special accounts. These are the same accounts where they expect to lower fees or spend less money. The Corporation also uses these accounts when they spend money on preventing injuries. They manage all of this through the accounts they keep as described in section 166. This helps them keep track of the money coming in and going out for injury prevention.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM103144.


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263: Prevention of personal injury, or

"Rules for helping stop people from getting hurt"


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264A: Workplace injury prevention action plan, or

"A plan to stop people from getting hurt at work"

Part 7Accident Compensation Corporation
The Corporation

264Money expended or received for injury prevention to be managed through Accounts

  1. All money received by the Corporation for injury prevention purposes under section 263(3)(b) and (c), and the expenditure of any money under section 263, must be allocated and managed through the Account or Accounts maintained and operated by the Corporation under section 166 in respect of which a reduction in levy rates or expenditure is expected.