Plain language law

New Zealand law explained for everyone

Accident Compensation Act 2001

Management of the Scheme - Purchase of weekly compensation by shareholder-employees

191: Effect on Work Account levy

You could also call this:

“How buying weekly compensation affects your employer's Work Account levy payment”

If you are a shareholder-employee and you buy agreed weekly compensation, your employer doesn’t have to pay the Work Account levy for your earnings. This is allowed under section 190.

However, your employer still needs to pay a part of the Work Account levy. This part is mentioned in section 167(4) and is still payable for your earnings.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM102448.

Topics:
Work and jobs > Worker rights Work and jobs > Workplace safety
Previous

190: Purchase of weekly compensation by shareholder-employees, or

"Shareholder-employees can buy the right to get paid if they get hurt at work"

Next

192: Application and source of funds, or

"This section used to explain how money was managed for special claims, but it's no longer used"

Part 6 Management of the Scheme
Purchase of weekly compensation by shareholder-employees

191Effect on Work Account levy

  1. If a shareholder-employee purchases agreed weekly compensation under section 190, the employer of the shareholder-employee is not required to pay the Work Account levy in respect of the earnings of that employee.

  2. However, subsection (1) does not affect the employer's obligation to pay the portion of the Work Account levy referred to in section 167(4) that is payable in respect of the earnings of that employee.

Notes
  • Section 191 heading: amended, on , by section 13(1) of the Injury Prevention, Rehabilitation, and Compensation Amendment Act 2007 (2007 No 8).
  • Section 191(1): amended, on , by section 13(1) of the Injury Prevention, Rehabilitation, and Compensation Amendment Act 2007 (2007 No 8).
  • Section 191(2): substituted, on , by section 20 of the Accident Compensation Amendment Act 2010 (2010 No 1).
OSZAR »