For large organisations, over $10,000 on their ACC levy,
- If an employer has a lower-than-average claims experience, its business group could earn a discount of up to 50% of the current portion of its industry-based work levy.
- If a business group has a higher-than-average claims experience, it could receive a loading of up to 50% of the current portion of its industry-based work levy.
The averages as I said yesterday, would be based on the Industry Sector they are lumped in with. So for example, if they are lumped in with a lot of other office-based companies, that would be the sector they would have an average percentage taken from.
If heavy engineering, same occurs. A double-edged sword as if the sector as a whole improves their claims history, the average would drop. If there is a renegade company which has a lot of claims, the sector as a whole has a higher average.
But that is just one of the calculations ACC makes for large companies.