Government increases car license fee 23% to NZ$168.46 due to ACC

Government increases car license fee 23% to NZ$168.46 due to ACC

Smith said the latest increase was "the bare minimum needed to fund the cost of motor vehicle accidents while maintaining an acceptable level of solvency in the account." "While the Government is committed to helping the injured, ongoing large increases in ACC are not affordable. That is why the Government is embarking on a programme of ACC reforms to contain costs, push out the full funding date, and achieve greater flexibility in funding mechanisms for the Motor Vehicle Account," Smith said. "I am confident with the changes the new Government is making in ACC that such large increases will not be repeated again next year," he said.

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