7 Sept 1998
Kats v Accident Rehabilitation and Compensation Insurance Corporation
- Citation
- [1998] NZACC 197
- Court
- District Court
Appellant, as a shareholder-employee, did not suffer loss of earnings because his assessable employee remuneration in the income year of the accident exceeded the prior year; return on shareholder funds is unearned income and irrelevant to s.39/s.40 entitlement, therefore no weekly compensation is payable.