Term Definition
ACC Accounts ACC operates seven accounts. The accounts reflect the situation where accidents take place such as at work. Each account funds the services it provides.
The Employers’ Account, The Self-employed Work Account, The Earners’ Account, The Non Earners’ Account, The Motor Vehicle Account, The Medical Misadventure Account, The Residual Claims Account.
ACC CoverPlus Extra Levy Provides self-employed and shareholder-employees (non PAYE deductions) with alternative cover to ACC CoverPlus. Cover is for an agreed amount.
Adjusted Liable Earnings Earnings liable for ACC levy payment that have been adjusted for maximums, minimums and the labour cost index (employers).
Liable earnings for employers will also be adjusted for payments to employees for first week of work injury only, and payments after first week reimbursed by ACC.
Business Description Description of the nature of business or trade. The customer will provide the business description when registering for GST or when completing the IR3, IR4, or IR7. Inland Revenue will provide the business description to ACC. The business description will be converted to a classification unit (CU) for ACC purposes.
Cease Date This is the date an employer stops employing or a self-employed person ceases business.
Classification Unit (CU) Business activities are classified, or grouped, so that the cost of work injuries is fairly distributed among those with similar characteristics. The Classification Uniy is the business activity classification. Previously known as the "PCU" code.
Earners' Levy Covers the cost of non-work injuries suffered by earners and self-employed. Formerly called Earner Premium (non-work).
Earners’ Residual Levy Covers the cost of treating and rehabilitating people who suffered non-work injuries that happened between 1 July 1992 and 1 July 1999. Formerly called Earners’ Account Levy (non work).
Full-time Self-employed works on average 30 hours or more per week in a combination of self-employment, withholding payments, or employment income.
Health and Safety in Employment Levy (HSE) Funds the cost of the administration of the Health and Safety in Employment Act 1992. Collected on behalf of Department of Labour.
IPRCA 2001 Injury Prevention, Rehabilitation, and Compensation Act 2001
Key Point A specified data entry field from Inland Revenue return forms.
Levy Term used for charges to self-employed and employers including shareholder employees, earners, motor vehicle owners to cover immediate and full future costs of claims for work, non work and motor vehicle. The term is also used for the charges to meet the ongoing costs of claims (residual) that existed before 1 July 1999. Tthe charges were previously known as "premiums".
Liable Earnings Unadjusted earnings liable for ACC levy payment. ACC will derive liable earnings from the key-point information provided by Inland Revenue.
Maximum Earnings Amount set by regulation each year and is the maximum amount earners are required to pay levies on.
Minimum Earnings Amount set by regulation each year and is the minimum amount of earnings, full time self-employed are required to pay levies on.
Minor Full-time self-employed individual under the age of 18 at anytime during the levy year.
Mixed Earner An individual who receives income from more than one source as a self-employed person, in a combination of income from self-employment, withholding payments, or salary and wages (including shareholder-employee salaries not subject to PAYE).
Part-time Worked on average less than 30 hours a week in self-employment.
Premium Term replaced by Levy from 1 April 2002.
Premium Classification Unit (PCU) This is now the Classification Unit (CU)
Private Domestic Worker A private domestic worker is a person who works for another person (“the employer”) in the employer’s home or garden.
Residual Claims Levy Covers the cost of treating and rehabilitating people who were injured in the workplace before 1 July 1999 and non-work injuries which happened before 1 July 1992.
Residual Levies Includes Residual Claims Levy and Earner's Residual Levy.
Self-employed Work Account Levy Funds all work injuries suffered by self-employed people.
Shareholder-Employees without PAYE deductions Shareholders of a close company that receive remuneration from the company either irregularly or at year-end and that do not have PAYE deducted.
Work Levy – Income Portion of the self-employed work account levy that funds the cost of income related benefits. Formerly Work Premium – Income
Work Levy – Non Income Portion of the self-employed work account levy that funds the cost of non-income related benefits ie. rehabilitation and medical.
Workplace Cover Levy Funds the Employers’ Account for work injuries that occurred after 1 July 1999.



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