National is committed to building better public services and ACC is part of that picture. Our reforms have seen a dramatic turnaround in ACC’s finances and now we are passing the savings on to Kiwi households.
An average household can expect to be just over $200 a year better off. From April 2014, workers and employers will pay $387 million less. Small businesses will be about $180 a year better off and larger employers will receive, on average, a $6000 reduction.
The cuts largely reflect accounts paid by workers and employers being fully funded. This means there is enough money in those accounts to cover the ongoing cost of claims.
We are committed to ACC’s continuing sustainability and the Government is on track for further levy cuts in 2015/16 as signalled in Budget 2013.
New Zealand is a great place to do business, supported by National’s responsible financial management and comprehensive plan to build a more competitive and productive economy.
As the economy grows following the global financial crisis, business confidence continues to improve, more people are employed, and wages are growing.
People who live, do business, and invest in New Zealand know they can trust our laws and our government to protect their rights and freedoms.
The latest Transparency International Corruption Perception index ranks New Zealand first, out of 176 countries, equal with Denmark, for having the lowest perception of corruption in the public sector.
New Zealand is also ranked first on the Forbes magazine list of the Best Countries for Business, partly due to the high trust in our public sector, and our transparent and stable business climate.
Communications and Information Technology Minister Amy Adams says the Government has today received a verbal briefing from Ernst & Young Australia on its high level findings on whether Chorus can deliver on its broadband contracts.
The Ministry of Business, Innovation and Employment commissioned Ernst & Young Australia to investigate Chorus’ capability to deliver on its Ultra-fast Broadband (UFB) and Rural Broadband Initiative (RBI) contractual commitments with the Government, in light of the Commerce Commission’s decisions on final wholesale prices for copper-based broadband services.
Environment Minister Amy Adams has today released a report into a review of the Christchurch City Council’s resource management functions.
Ms Adams asked the Ministry for the Environment to carry out the assessment following International Accreditation New Zealand’s decision to revoke the council’s certification to issue building consents.
Environment Minister Amy Adams today welcomed the release of a report into the effects of oil pollution on the Bay of Plenty environment, following the Rena grounding.
“While the key findings of scientific monitoring and sampling show that the environment has not yet returned to its pre-Rena state, it is encouraging to see that the environment is recovering,” Ms Adams says.
Communications and Information Technology Minister Amy Adams says public comments from some parliamentary parties that they will not be supporting legislation in regards to copper pricing is not unexpected.
“While we have not sought support for legislation from our support parties, they have indicated to me that legislation was always going to be a challenge, so today’s announcement comes as no surprise,” Ms Adams says.
Before National came to power, our welfare system simply expanded to meet demand, without investing in support to get people into work, or preventing long-term benefit dependency.
We didn’t think that was good enough. After comprehensive changes through our welfare reforms, an average of 1,500 people are moving off welfare and into work each week.
Recent figures show people are better off in work. An average sole parent in South Auckland with two children under 13, working 15 hours while receiving a benefit, would take home $750 a week. That’s $107 more each week than the $642 they’d receive on benefit – including the Accommodation Supplement and a minimal allowance for costs.
A single person working a 40-hour week on minimum wage will be earning $520 a week – about $200 more than a single person on Jobseeker Support with Accommodation Supplement and minimal allowances.
Working means a better life and better opportunities. It also contributes to building a more competitive and productive economy – one of our priorities this term.