Premium updates for 2022-23
Changes to workers compensation premium rates for 2022-23. Workers compensation premium rates for policy year 2022-23 will increase from 1.44 per cent of wages to 1.48 per cent of wages. This results in an average 2.9 per cent increase across the scheme. Loss Prevention and Recovery (LPR) customers will also see a 2.9 per cent average increase in the LPR
icare Updates Premium Model
icare is committed to putting customers’ needs at the heart of everything they do.
With this in mind, they’ve made some updates to their premium model to provide employers with greater stability and make things simpler. Premium model updates Catastrophic claims contribution Fatality claims will no longer be included in the claims experience for your premium. However, your business will be required to pay a one-off contribution amount if a claim is made in relation to a workplace incident or injury if it results in the death of your worker.
With this in mind, they’ve made some updates to their premium model to provide employers with greater stability and make things simpler. Premium model updates Catastrophic claims contribution Fatality claims will no longer be included in the claims experience for your premium. However, your business will be required to pay a one-off contribution amount if a claim is made in relation to a workplace incident or injury if it results in the death of your worker.
Certificate of capacity/certificate of fitness updated
In response to stakeholder feedback the SIRA certificate of capacity/certificate of fitness has been updated to include a tick box at the top of the certificate to easily identify whether the person is a workers compensation or CTP claimant. The updated certificate is available on the SIRA website and has been distributed to medical practice software providers with a request to include
NSW Workers Insurance Renewals Causing Confusion
There continues to be some confusion in NSW with regard to workers insurance renewals issued by icare.
Since 1 September 2015, the functions of WorkCover have been assumed by three new organisations.
It is icare that has been issuing workers insurance renewals but many people are unfamiliar with the name and the logo.
Changes to Workers Insurance in NSW – WCRS is Here to Help
WCRS can advise on changes taking place in how NSW businesses obtain workers insurance.
icare (formerly WorkCover NSW) has said that from 1 March 2017, “All new businesses will now get a quote and buy a new policy directly from icare rather than a scheme agent”.
WorkCover NSW extends premium reforms to large employers
Some medium and large employers are promised reduced workers’ compensation premiums under a WorkCover NSW scheme beginning on June 30. The program extends earlier reforms for small businesses. “Importantly, our new approach rewards employers that value and promote worker safety,” WorkCover NSW CEO Vivek Bhatia said. He says about 14,200 medium and large businesses – making up 4% of employers
Workers’ comp needs real reform, not ‘red tape’ fiddling
Prime Minister Tony Abbott’s “biggest bonfire of regulation in our country’s history” will allow some organisations to opt out of state compensation schemes and instead operate under the Commonwealth’s scheme, Comcare. This change is likely to be counterproductive in an already messy system and has the potential to further undermine the viability and fairness of workers’ compensation arrangements in Australia.
No workers compensation for public servants injured on breaks away from workplace
Public servants injured while taking breaks away from their workplace will no longer be entitled to workers’ compensation payouts, in changes to the Comcare scheme tabled in Parliament yesterday. The amendments will also rule out compensation payments to workers who hurt themselves through their own ”serious and wilful misconduct”, even if it kills them. The changes, which also open up
Small Employer Changes – NSW WorkCover Scheme
Effective 30th June 2013, WorkCover NSW introduced some changes to benefit small business. The first significant change is the increase in the “Small Employer” definition is expanded to include employers with an annualised basic tariff premium (BTP) less than or equal to $30,000 (previously $10,000). This now captures approximately 260,000 of all employers in NSW. Claims experience (impact of claims
‘Mentally damaged’ public servant’s win in battle for workers’ compensation
A legal win for a public servant left mentally damaged from being told to work a standard five-day week could lead to many more workers’ compensation claims, according to the woman’s lawyers. Centrelink employee Jenny Pettiford has been off work for 2½ years with anxiety disorder since a meeting in 2011 where managers told her working hours of 8am to