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Accident Compensation—Conflicting Reports

Wednesday 23 July 2008 Hansard source (external site)

Fenton8. DARIEN FENTON (Labour) Link to this
to the Minister for ACC

Has she received any conflicting reports regarding accident compensation?

StreetHon MARYAN STREET (Minister for ACC) Link to this

Yes, I have seen a report from John Key stating that National’s stocktake of accident compensation would include all accounts, and that as well as the work account, the earners account and the motor vehicle account could also be privatised. I have also seen a completely contradictory report from Murray McCully stating that “there would be big challenges privatising the earners and motor vehicle accounts, which is why the National Party policy does not go there.”

FentonDarien Fenton Link to this

Has the Minister seen any other contradictory reports about accident compensation?

StreetHon MARYAN STREET Link to this

Yes, John Key said that “levy rates are rising rapidly and going through the roof.”, but Murray McCully said that “levies peaked in 2002, and they are now nudging downwards.” John Key said that under privatisation “premiums will go down.”, but Murray McCully said that the ability of private insurers to offer lower premiums is now “severely constrained”. Who can the public believe on privatisation when two National MPs are telling two different stories?

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