ACC changes dangerous for finance industry workers

Finsec warned that proposed changes to ACC will be dangerous for finance industry workers, in their submission to the select committee this week. General Secretary Andrew Casidy and Deputy President Maxine Mullen  addressed the committee and expressed particular concern about the threat to coverage of workers with gradual process injuries or OOS.

“These injuries are common in the banks and raising the bar for their rehabilitation could be devastating for those affected,” said Andrew Casidy. “This is coupled with other negatives for workers – the fact that pre-injury income no longer has to be taken into account, and a lower threshold of vocational independence of 30 hours per week represents a significant attack on ACC as we know it.”

Maxine Mullen presented to the committee a case study of a fictional bank worker experiencing the sharp end of the changes. The example shows that even if they were able to retain ACC coverage, and be rehabilitated to be able to work in another job, they could still lose 43% of their pre-injury income due to changes proposed in the Bill.


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