New Zealanders, share this one around, it effects you! ACC levies on old cars – act now! Owners of vehicles more than 40 years old are about to be hit with an increased cost of around 70% in the ACC component of their vehicle registration, while most other vehicles will benefit from a 40% reduction. I think this is vastly unfair. Submissions are open until June 17, so if you don’t want to be hit in the pocket I urge you to act now before it’s too late. No doubt you will have seen the news items about how the ACC component in vehicle registration will reduced for 2015/16. The ACC is proposing that levies be determined by how safe a vehicle is. This is good news for owners of modern vehicles, but for hot rod and classic car enthusiasts it works the other way. This is because there is no crash/safety data available for older cars, which puts them in ‘Class 3’ In ACC’s document titled ‘Light Passenger Vehicles’ a small but significant sentence states ‘If the vehicle you are querying is 40 or more years old then it is classed as a vintage or veteran vehicle is placed into Class 3 vehicles.’ Looking at the proposed levy for class 3 vehicles this amount is going to be $118.83 plus gst. Currently the ACC proportion of an annual vehicle license over 40 years is $69.53 plus gst. That is going to be a huge 71% increase in ACC levies for these vehicles, plus gst. The government is taking submissions on its proposed new levies until June 17. Check out these links acc.co.nz/PRD_EXT_CSMP/groups/external_levies/documents/papers_plans/wpc134044.pdf acc.co.nz/PRD_EXT_CSMP/groups/external_levies/documents/papers_plans/wpc134042.pdf Motor vehicle account is on page 92 You can email: [email protected] or on the web acc.co.nz/levyconsultation to make a submission In your submission, the key points would be: Most of these vehicles are driven only occasionally and not as an everyday vehicle · Many have limited mileage insurance. · If you own several classic cars you obviously can’t drive them all at once. · The are far less classic and collectable cars over 40 years old on the road, so the likelihood of these being involved in an injury accident is significantly less than a sales rep’s daily driven Toyota · As these are rare and valuable cars they are driven with care. It is grossly unfair that owners of classic and collectable cars should be paying such a huge proportion of their registration fee towards the ACC Levy. Ask ACC to reconsider the amount of ACC levy to be applied to vehicles over 40 years old. Please take a couple of minutes to make a submission. And please share this amongst your Facebook friends, and your real friends by email.
Posted on: Thu, 12 Jun 2014 00:29:35 +0000
Trending Topics
Recently Viewed Topics
© 2015