She says the proposed reductions are based on the board's new funding policy of each levied account targeting assets within a band of 100 and 110 per cent of the account's liabilities.
"This will help ensure ACC is adequately funded to withstand economic volatilities, without over-collecting levies."
Motorists and low-risk businesses in particular could stand gain from the proposed reductions.
Ms Kaye says the average motor vehicle levy could reduce again to around $130 in 2016/2017 from this year's $195.
She adds for businesses the combined effect of removing the residual levy and the proposed work levy reductions would see around 75 per cent of businesses paying a lower work levy, with it reduced by as much as one third for some.
However, around 25 per cent of businesses would see their levy increase, as a result of paying a "fairer share of injury costs" in their industry.
For a work levy, someone who is self-employed earning $45,000 could save around $81 in the next financial year.
Wage earners would also see a small reduction to the earners' levy.
Someone earning $65,000 could save, on average, 4c per $100 or $26 a year.
However, on the consultation page, ACC did warn levies could rise in the future again due to "rising healthcare costs".
ACC chair Paula Rebstock encourages all New Zealanders to have their say on the proposals.
"I would encourage everyone to take this opportunity to put forward their views on what they would like to see and share their ideas and feedback on ACC's proposals for the 2016/2017 financial year."
To have your say go to Www.shapeyouracc.co.nz
Final levies won't be confirmed until after the consultation process.
