When Nick Smith told a pack of lies around the appointment of John Judge as ACC Board chair, including to the Select Committee I sat on, the Labour Party focussed on Smith because Judge had a good reputation for commercial nous and had done a good job as Te Papa Board chair.
His statements yesterday are a real worry.
He is working on the false assumption that money for all the future payments for past injuries has to be collected this (or last) year. That is just nonsense.
Our government took a decision to collect a bit more each year to shift the scheme from one that was “pay as you go” to one where the future costs of this years accidents were collected this year and a bit of the future costs of previous years accidents was also collected.
Levy levels depend on how many years are taken to do the catch up. To characterise it as a scheme at risk of falling over reflects badly on Mr Judge.
