ACC levies may rise on back of falling interest rates
ACC still recorded cash surplus.
Brent Edwards
Wed, 25 Sep 2019
Hot Topic
Hawke’s Bay
Historically low interest rates have left ACC with an $8.7 billion accounting deficit for the 2018/19 financial year even though it achieved a 12.97% return on its investments.
Falling interest rates drive up the cost of the outstanding claims liability (OCL) and in the past financial year
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Brent Edwards
Wed, 25 Sep 2019
Contact the Writer: brent@nbr.co.nz
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ACC levies may rise on back of falling interest rates
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