2023 New Zealand workplace accident costs rise to $4.9B, report suggests improving safety could save $1.4-3.4B annually.

New Zealand's workplace accident cost increased to $4.9B in 2023 from $4.4B in 2022, according to a Business Leaders' Health and Safety Forum report. The report, titled "The State of a Thriving Nation," written by economist Shamubeel Eaqub, suggests that improving New Zealand's workplace safety to match Australia's level could save $1.4B annually, while reaching UK standards could save $3.4B per year. The report attributes the issue to New Zealand's reactive regulatory system and lack of oversight and coordination.

August 18, 2024
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