The Prescribed Amount of Weekly Earnings (PIAWE) form plays a critical role in workers’ compensation claims. For employers, HR professionals, and injured workers, understanding these changes is essential to ensure smooth claims management and adherence to regulations.
Workers Compensation Amendment (COVID-19 Weekly Payment Compensation) Regulation 2020.
Key Updates to the PIAWE Form
The latest update introduces several important adjustments:
- Simplified structure
- Digital compatibility
- Compliance emphasis
Why the Update Matters
- For employers: Ensures compliance with workers’ compensation legislation and reduces administrative risk.
- For workers, greater transparency is provided in how weekly earnings are calculated, ensuring fair compensation
- For insurers and regulators: Streamlines claim processing and improves consistency across cases.
Workers with a date of injury on or after 21 October 2019 will have the new PIAWE form used
How ABILITY GROUP Supports You
At ABILITY GROUP, we specialize in guiding businesses through complex HR and workers’ compensation requirements. With the updated PIAWE form, our team can:
- Assist in correctly completing the form.
- Provide training for HR staff on compliance.
- Offer tailored advice to minimize disputes and delays.
Conclusion
The update to the PIAWE form is a positive step toward clearer, more efficient workers’ compensation processes. Employers and workers alike benefit from improved transparency and compliance.
Contact us to know more and to assist.
Source: SIRA NSW
Title: SIRA bulletin – Issue 15
TIme: 2 mins