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The government look set to substantially increase the
ACC levy part of the vehicle registration fees despite the
fact that the ACC motor vehicle account having more than
$260 million in reserves. The reason for the hike is enable
compitition for road injury compensation. This strikes me
as being rather strange when the supposed purpose of
compitition is to keep prices down! I guess this is another
triumph of idealogy over common sense.
The increase in the fee for cars may be upto $52.50. you can
bet that the increase for motorbikes will be more.
