ACC has a posted net surplus of $2.1 billion – $298 million ahead of budget – which will enable it to cut vehicle levies significantly in 2015.
The surplus helped reduce the gap between the scheme’s financial assets and claims liabilities to just $108 million.
The ACC annual report released yesterday shows the corporation’s financial assets and investments are worth $27.588 billion, while outstanding claims liability is equal to $27.696 billion.
In 2013/14 ACC accepted 1.8 million new claims, up 4.7% on the previous year.
“Improved economic conditions are a likely factor behind the increased claims with more people in work and more disposable income for sport and recreation,” says ACC chairwoman Rebstock.
“ACC is hiring extra case managers and taking other steps to ensure it’s well positioned to address rising claims volumes.”
Rebstock says 2013/14 saw the start of a programme to improve the way ACC cares for injured people and delivers services.
“Our customers, including injured people, levy payers and treatment providers, have told us they want ACC to be more responsive, more transparent and easier to deal with. As a result, we are improving staff capability, processes and technology to make ACC more efficient and effective,” she says.
