Falling interest rates see $4 billion surge in ACC liability
Unpredictable financial markets mean ACC board will be more cautious in recommending future levy reductions.
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Hawke’s Bay
Financial market volatility means prospects for further large accident compensation levy cuts are not as rosy as they were when this year's levies were set, members of Parliament have been told.
"When interest rates fell in January, $4 billion was added to our liability," Accident Compensation
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Rob Hosking
Mon, 16 Mar 2015
Mon, 16 Mar 2015
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Falling interest rates see $4 billion surge in ACC liability
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