While the Greens and Labour want to sell out ACC and raid the $16 billion in accumulated funds for their own pet projects, Judith Collins remains firm:
ACC Minister Judith Collins has finally rejected a return to “pay-as-you-go” funding for the state-owned insurer, after earlier refusing to rule it out as part of a review of funding options.
“Pay as you go is not for us, no,” she said today.
Labour spokesman Andrew Little has called for a debate about dumping the current fully funded model, which would allow levies to drop by up to 25 per cent.
The Greens’ Kevin Hague favoured a switch to pay-as-you-go, but was also eyeing up to $15 billion in reserves held by the corporation for other projects.
Collins said the Government did not want to burden future generations with the cost of current accidents.