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Accident Compensation Act 2001

Accident Compensation Corporation - Provisions relating to accountability of Corporation

275: Investments

You could also call this:

“How ACC handles and invests extra money”

The Corporation must invest any money it receives that it doesn’t need to spend right away. It should invest this money carefully, like a trustee would. However, the Corporation must follow any rules the government gives about how to invest.

When the investments make money, the Corporation must share this money fairly across its different accounts. The amount each account gets should match how much that account contributed to the investment.

Before the government makes any rules about how the Corporation should invest, the Minister in charge must talk to the Minister of Finance.

There’s a rule in another law called section 100 of the Crown Entities Act 2004. This rule doesn’t apply to the investments made under this section.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM103186.

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Part 7 Accident Compensation Corporation
Provisions relating to accountability of Corporation

275Investments

  1. Subject to any policy direction under section 103 of the Crown Entities Act 2004, the Corporation must invest, in the same manner as if it were a trustee, all money received by it in respect of any Account that is not immediately required for expenditure.

  2. Any returns on investments must be apportioned across the Accounts in a way that reasonably represents the contribution to the investment of each Account.

  3. The Minister must consult with the Minister of Finance before making a policy direction under section 103 of the Crown Entities Act 2004 relating to investment.

  4. Section 100 of the Crown Entities Act 2004 does not apply to an investment made under this section.

Notes
  • Section 275(1): amended, on , by section 200 of the Crown Entities Act 2004 (2004 No 115).
  • Section 275(3): amended, on , by section 200 of the Crown Entities Act 2004 (2004 No 115).
  • Section 275(4): added, on , by section 200 of the Crown Entities Act 2004 (2004 No 115).