Thread: privatising ACC
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Old 3rd July 2008, 20:29     #16
Golden Teapot
Love, Actuary
 
Quote:
Originally Posted by Epox
Also on a side note that compusory third party insurance that's effective in other countries that they want to do here is not the same I do believe what that insurance covers is damage to the person but not property damage, I think that's right I can't remeber the memo too well.
ACC provides the bodily-injury component here. The money is collected through the car registration. Everyone pays the same amount no matter what each person's level of risk is - fundimentally this is not fair. So, this form of insurance is already compulsory.

What the government is intending is to require everyone to have insurance for the property damage piece too.
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