Friday 7th August 2009 |
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Accident Compensation Minister Nick Smith is mandating a root and branch review of all aspects of the national no-fault accident insurer, seeking efficiencies, greater use of risk-rating and a review of what is driving claims.
"The Stocktake is the Government's top priority for the ACC portfolio because it will provide the information on which to base future decisions that improve the efficiency and affordability of the ACC scheme," Smith said.
Membership of the steering committee has yet to be announced. It will have until next June to report on numerous aspects of the scheme's administration and its $10 billion investment fund, including:
An interim report is due in February next year.
Businesswire.co.nz
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