by Marc Ring | Nov 25, 2024 | Premium, Wage Audits, Workers Compensation
In NSW the State Insurance Regulatory Authority (SIRA) has recovered $10M in underpaid premiums. SIRA identified 81 employers suspected of being underinsured for workers compensation, primarily due to under-declaring wages. This was achieved through direct employer engagement and predictive data modelling. Following our Wage Declarations & Adjusted Premiums article last month, SIRA’s actions act as a timely reminder for all Australian businesses to ensure they provide accurate actual wage declarations to avoid fines/penalties or interest.
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by Marc Ring | Oct 21, 2024 | Premium, Workers Compensation
Timely submission of a business’ actual wage declarations is an essential step in processing their workers compensation premium adjustment. In discussions with underwriters recently we have noted a heightened focus for insurers to obtain Actual Wage Declarations before the due date. Understanding wage declarations & adjusted premiums is important for businesses needing to successfully manage cash flow, profitability & other aspects.
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by Marc Ring | Oct 14, 2024 | Claim costs, Claim management, Claims, Premium, Workers Compensation
Each state/territory has specific workers’ compensation regulations with a common goal of providing financial support for injured & ill workers. So what happens with some types of Annual Leave & Workers Compensation Claims?
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by Marc Ring | Aug 26, 2024 | Workers Compensation
The right to disconnect is a new legal provision allowing employees to refuse to engage in work-related communications outside their official working hours. This includes not having to monitor, read, or respond to emails, calls, or messages from employers or third parties unless it is unreasonable to refuse.
The right to disconnect was introduced today and applies to Australian non-small business (15+ employees) employers from August 26, 2024, and will extend to small business employers from August 26, 2025. The right to disconnect aims to help employees maintain a better work-life balance and reduce burnout.
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by Marc Ring | Aug 19, 2024 | Bullying, Health & Wellbeing, Injury Prevention, Managing Psychosocial Hazards, Work Health & Safety
Respect in the workplace is a cornerstone of healthy and productive work environments. In Australia, fostering respect at work has become a significant focus, driven by legislative changes and a growing awareness of the importance of a respectful workplace culture. So what is the legislative framework? How do you create a respectful workplace? What are the benefits of a respectful workplace?
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