ACC bail out could cost taxpayer - Smith

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Sun, 11 Oct 2009 4:43p.m.

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ACC Minister Nick Smith says it’s d-day for the insurer after it posted what has been called the biggest corporate loss in New Zealand history.

ACC Minister Nick Smith says it’s d-day for the insurer after it posted what has been called the biggest corporate loss in New Zealand history.

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12/10/2009 7:48:00 p.m.

Ian wrote:

The loss is an accounting "loss". I am sure that every insurer has "lost" a lot of money in the current economic down turn, ACC is no exception. Note that the losses are always reported for the last couple of years. As the economy improves globally, as it is starting to, so the "loss" will disappear. National Party stated in its election campaign that it won't sell assets that belong to the people in its first turn in office. But clearly they are making policies so that people will buy into their selling them in its hoped for second term. Don't forget National Govt. fired those on the board that would object to its dishonest reporting, appointed people that will tow its line - surprise, surprise ACC in its current form is being made unpalatable to the populous. Please do not buy in to this dishonest reporting - do we really want what belongs to us sold to national party cronies? Do we really want a litigious society like the USA?

12/10/2009 2:43:50 p.m.

Ric wrote:

Well therye in the poo, and will no doubt expect the plebs to extract them from it and they will. However I have long objected to the ACC method of levy collection. As far as I know, some at the (petrol)pump. Some at vehicle rego, which can be different depending on what you own.Some via workplace, some via tax. Essentialy some will pay a great deal, some will pay bugger all, but we all have equal access. Someone tell me how thats fair especially in a "no fault' model.

12/10/2009 10:59:53 a.m.

George wrote:

New Zealand has raised a generation of spongers on the Dole,DPB,and ACC Lets cut all the bludgers loose and make them stand on their own feet instead of our backs.