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Competition for ACC: lessons for New Zealand
With a National Party government now installed, there is the likelihood of a move – or at least debate – over introducing competition in the provision of accident compensation services in New Zealand.
National's pre-election policy document on ACC outlined its commitment to ensuring efficient ACC provision and increasing incentives for improved workplace safety and rehabilitation through the use of competition and provider choice.
A National Government privatised aspects of ACC provision in 1999 – changes which were repealed by a subsequent Labour-led government.
Bell Gully partner Mark Todd, New Zealand's preeminent legal adviser on investment and insurance products, says when and if National decides to address reintroducing competition to ACC provision, there are some key lessons and learnings from the 1999 experience. At that time, Mark and Bell Gully advised a wide range of industry participants, including accident insurers, employers and trustee companies.
Drawing on this experience, Mark presented a paper Competitive provision of ACC New Zealand: a legal perspective – lessons and learnings from 1999 at the New Zealand Society of Actuaries Annual Conference in Taupo last month.
To read a copy of the paper click here.
For more information please contact Mark Todd.
Disclaimer
This publication is necessarily brief and general in nature. You should seek professional advice before taking any action in relation to the matters dealt with in this publication.
