Your 2011 ACC annual levy: payments and rates

You will receive your 2011 ACC annual levy invoice with your staff usage and expenditure (SUE) report for pay period 2412.  This will advise you of the amount that will be deducted from your school's operational grant (BG) for employees paid from BG. 

Your pay centre will deduct the 2011 ACC annual levy amount from your bank account on 14 September 2011.

The rate for 2011 is $0.56 (GST exclusive) for each $100 of gross leviable earnings. It consists of the:

• • ACC residual claims levy
  • ACC payment
  • Wash-up adjustment on previous rates

ACC residual claims levy

This rate is $0.25 (GST exclusive) for each $100 of gross leviable earnings.

This payment covers the cost of residual claims from previous years to 31 March 2011.

More about residual levies

ACC payment

This rate is $0.29 (GST exclusive) for each $100 of gross leviable earnings.

This payment covers the period 1 April 2011 to 31 March 2012.

We have calculated this amount using the gross taxable earnings for the tax year (1 April 2010 to 31 March 2011) plus 2.6 per cent as a labour cost index. This is to cover any salary or wage increases in the period.

Wash-up adjustment on previous rates

This rate is $0.02 (GST exclusive) for each $100 of gross leviable earnings.

This payment covers the difference between the actual gross taxable earnings for the tax year (1 April 2010 to 31 March 2011) and what ACC predicted for the 2010 levies.