A series of Accident Compensation Corporation levy cuts kick in from today, returning about $480 million to the New Zealand economy - and New Zealanders' wallets.
The work account levy, which covers workplace injuries and is paid by businesses, will decrease by an average of 5 per cent, an ACC spokeswoman said.
From July 1 the motor vehicle levy paid when people register or renew their registration will go down by an average of 41 per cent.
The specific amount will be determined by a new risk rating applied to different types of vehicles.
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The petrol levy that is paid at the pump will also go down by 3 cents per litre on July 1 - from 9.90 cents to 6.90 cents per litre, the spokeswoman said.
It was the second year in a row that ACC had been able to reduce its levies, she said.