(NZL) Meeting Regulatory Requirements for New Zealand

This chapter discusses how to set up the Accident Rehabilitation and Compensation Insurance (ARCI) table.

Click to jump to parent topicSetting Up the ARCI Table

To set up the ARCI table, use the Class Units NZL(CLS_UNT_TBL_NZL) component.

ARCI is administered by the Accident Rehabilitation and Compensation Corporation, which regulates and administers a no-fault workers compensation plan. The codes in the ARCI table are used on the Company Table - Default Settings page. These codes identify an organization's employment risk level and provide the basis for determining the premium amounts paid to ARCI.

Note. The PeopleSoft system provides the standard classification units for ARCI.

This section discusses how to create or modify classification units.

Click to jump to top of pageClick to jump to parent topicPage Used to Set Up the ARCI Table

Page Name

Definition Name

Navigation

Usage

Class Units NZL (classification units New Zealand)

CLS_UNT_TBL_NZL

Set Up HRMS, Product Related, Workforce Monitoring, Regulatory Requirements, Class Units NZL, Class Units NZL

Create or modify the classification units used to calculate ARCI premiums.

Click to jump to top of pageClick to jump to parent topicCreating or Modifying Classification Units

Access the Class Units NZL page (Set Up HRMS, Product Related, Workforce Monitoring, Regulatory Requirements, Class Units NZL, Class Units NZL).

ERP Rate (employment risk premium rate)

Enter the rate based on the industry and the level of risk associated with that industry. The government provides these rates as set by regulation.