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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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ACC levies may rise on back of falling interest rates
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