ACC levy rates have been set for the 2015/16 year and the average New Zealand vehicle owner will be $135 better off.

Snapshot for small business
The average motor vehicle levy will fall from around $330 to $195. This includes reductions to the licence fee and a drop of 3 cents per litre off the petrol levy.

Risk rating for cars is being introduced, which along with the overall reduction of motor vehicle levies means that owners of petrol-driven cars in the safest group will see the ACC component of their annual vehicle licence fee fall by 66%.

The average levy paid by employers and self-employed people is also falling, from 95 cents to 90 cents per $100 of liable earnings, meaning a lower ACC bill at year end.

The Work and Earners Account levy regulations will come into effect from 1 April 2015 and the Motor Vehicle Account changes from 1 July 2015. Levy rates are reviewed and set each year.

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