This note is not part of the regulations, but is intended to indicate their general effect.
These regulations, which come into force on 1 April 2013, prescribe the current and residual portions of the earners' levy payable by people who engage in employment (whether self-employed or not).
For self-employed people, the earners' levy is calculated using earnings derived in the previous tax year. For all other earners, the levy is calculated using earnings in the applicable tax year.
The regulations also prescribe—
maximum liable earnings for all earners; and
a specified amount on which the earners' levy is payable by self-employed people who, in the previous tax year, worked full-time (ie, more than 30 hours a week) but earned less than the specified amount; and
a different rate for the current portion of the earners' levy payable by self-employed people who have an agreement with ACC to purchase weekly compensation.
The regulations revoke and replace the Accident Compensation (Earners' Levy) Regulations 2012.