Don’t expect lower levies as a result of ACC’s “accounting change”. 

The Government has approved a change that reduces the amount of money the insurer would need to pay out in claims by $7 billion. 

It would see the risk margin reduced from 12.7% to zero, shaving down the outstanding claims liability, which is used to calculate how much it may have to pay out in the years to come.  

ACC lawyer and researcher Warren Forster told Mike Hosking in effect, there will be no real change to how it operates in peoples’ lives. 

LISTEN ABOVE 

Don’t expect lower levies as a result of ACC’s “accounting change”.&nbsp;
The Government has approved a change that reduces the amount of money the insurer would need to pay out in claims by $7 billion.&nbsp;
It would see the risk margin reduced from 12.7% to zero, shaving down the outstanding claims liability, which is used to calculate how much it may have to pay out in the years to come. &nbsp;
ACC lawyer and researcher Warren Forster told Mike Hosking in effect, there will be no real change to how it operates in peoples’ lives.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Warren Forster: ACC lawyer and researcher on ACC's accounting change

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a2ce47c1-e461-42ce-b6ae-b322015c5e53/transcript