ACC levies may rise on back of falling interest rates
ACC still recorded cash surplus.
Brent Edwards
Wed, 25 Sep 2019
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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